MCX shares tumble 7% even as Q2 net profit surges 130% YoY, revenue more than doubles

What happened: MCX shares fell nearly 7% even though the company reported 130% growth in second-quarter net profit and a 114% rise in revenue. Key numbers: Net profit up 130% YoY, revenue up 114%, shares down nearly 7%. Why it matters: Jefferies said EBITDA was largely in line with estimates, while higher technology costs and taxes affected the results. Coverage: 3 outlets in 24h

MCX shares fell nearly 7% even though the company reported 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.