The BSE has reported 4 per cent increase in June quarter net profit at ₹51.5 crore, against ₹49.73 crore logged in the same period last year.
Consolidated revenue from operations rose 6 per cent to ₹117 crore in the quarter under review.
Monthly orders processed in the mutual fund segment increased by 152 per cent to 70 lakh for the quarter ended June 30, from 28 lakh for the same period last year.
Average daily turnover of the currency derivative segment increased by 73 per cent to ₹31,418 crore (₹18,148 crore), while the average daily turnover in India International Exchange, BSE’s wholly-owned subsidiary at GIFT City was up at $447 million ($37 million).
Ashishkumar Chauhan, Managing Director, said the success of mutual funds, currency derivatives, SME, and India INX platforms has set the base for the BSE to focus on the growth of next-gen products that cater to emerging India.
The BSE continues to transform itself and act as a catalyst in the growth of financial disintermediation in India as it looks at newer and greener pastures available in the aggregation and distribution business of financial products, he added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.