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via economictimes.indiatimes.comMarkets

MCX shares tumble 7% even as Q2 net profit surges 130% year on year

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

MCX shares fell nearly 7% despite reporting 130% growth in second-quarter net profit and a 114% rise in revenue. Jefferies said EBITDA was largely in line with estimates, while higher technology costs and taxes affected the results.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe share drop despite strong results reflects EBITDA in line with estimates and higher costs.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01MCX shares fell nearly 7%.
  2. 02Q2 net profit grew 130% year on year.
  3. 03Revenue rose 114%.
  4. 04Jefferies said EBITDA was in line with estimates, while technology costs and taxes weighed.

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