Business2 sources
MCX Share Price Drops 7% Despite 130% Profit Increase
- MCX reported a 130% year-on-year increase in consolidated net profit to Rs 454.57 crore in Q2FY27.
- The exchange's revenue from operations surged 114% year-on-year to Rs 799.66 crore.
- Despite the financial gains, MCX's share price fell by 7%.
- The drop in share price occurred despite a two-fold jump in Q2 profit.
- The exact reasons for the share price drop are not detailed in the source material.