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BSE has reported that its net profit in the September quarter fell 12 per cent to ₹67 crore against ₹76 crore logged in the same period last year, largely due to higher expenses.
However, net profit attributable to the shareholders rose 4 per cent, as the corresponding figure for the previous quarter stood at ₹64 crore.
Revenue from operations was up 22 per cent at ₹111 crore (₹91 crore). EBITDA increased 14 per cent to ₹84 crore (₹74 crore) in the quarter under review. Earnings per share for the quarter were at ₹12.24 an equity share.
The average daily turnover in the equity cash segment was up 30 per cent at ₹4,064 crore (₹3,125 crore) in the half year ended September 30. Currency derivative segment average daily turnover increased by 25 per cent to ₹17,207 crore (₹13,809 crore).
Average monthly order processed in MF segment for the half-year ended September increased by 148 per cent to 10.5 lakh from 4.2 lakh. Average daily turnover in India International Exchange, the wholly owned subsidiary of the exchange at GIFT City in Gandhinagar, Gujarat, was at $39 million.
Ashishkumar Chauhan, MD & CEO, said the exchange’s strategy to use technology prowess along with trust of the people and its vast distribution network to distribute investment products is just beginning to take shape.
BSE’s efforts in the long-term are expected to change the financial products distribution landscape in India, he added.
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