Investing.com - Multi Commodity Exchange reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Multi Commodity Exchange announced earnings per share of ₹12.43 on revenue of ₹1.27. Analysts polled by Investing.com anticipated EPS of ₹9.43 on revenue of ₹1.17B.
Multi Commodity Exchange shares are up 7% from the beginning of the year, still down 27.69% from its 52 week high of ₹2,021.95 set on November 16, 2021.
Multi Commodity Exchange shares gained 6.80% in intra-day trade following the report.
Multi Commodity Exchange follows other major Financial sector earnings this month
Multi Commodity Exchange's report follows an earnings beat by HDFC Bank on October 15, who reported EPS of ₹19.93 on revenue of ₹491.8B, compared to forecasts EPS of ₹19.27 on revenue of ₹287.35B.
Bajaj Finance had beat expectations on Thursday with second quarter EPS of ₹45.81 on revenue of ₹99.68B, compared to forecast for EPS of ₹43.84 on revenue of ₹70.21B.
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