BSE posts 4-fold jump in Q2 net profit

by IANS |

Mumbai, Nov 11 (IANS) BSE, the country’s leading stock exchange, has posted a four-fold jump in net profit at Rs 118.4 crore for the July-September quarter of the current financial year.

The exchange had made a net profit of Rs 29.4 crore in the same quarter last year.

The stock exchange’s revenue increased by 53 per cent to a record Rs 367 crore in the second quarter this year from Rs 240 crore in the same period of the previous financial year, according to a BSE statement.

The exchange's average daily turnover in the equity segment increased to Rs 5,922 crore in the second quarter from Rs 4,740 crore in the same three-month period last year. 

BSE’s board of directors have approved a fund infusion of Rs 22.36 crore in India International Exchange (IFSC) Ltd (India INX) and Rs 33.88 crore in India International Exchange (IFSC) Ltd (India ICC) towards purchase of equity shares through subscription of rights issue.

"We shall continue to invest in the development of human resources, new products, technology infrastructure, etc, and thus pursue long-term growth for shareholders and deliver on our mission of Vibrant BSE 2025," said BSE managing director and CEO Sundararaman Ramamurthy.

Latest News
JD (S) former Karnataka President Ibrahim expelled in national executive committee meeting Sat, Dec 09, 2023, 04:32 PM
COP28: Equity, justice must be basis for global climate action, says India Sat, Dec 09, 2023, 04:21 PM
14 NCC girl cadets embark on cyclothon from Kanyakumari to Kashmir Sat, Dec 09, 2023, 04:20 PM
Learnt a lot from four-day match against PM's XI, have adapted to the conditions: Khurram Shahzad Sat, Dec 09, 2023, 04:18 PM
The purpose of leaving BBL is to improve my bowling, focussing more on Test cricket, says Shadab Khan Sat, Dec 09, 2023, 04:17 PM
Sri Lanka records $1.8 bn tourism revenue till Nov Sat, Dec 09, 2023, 04:08 PM
COP28: Close to $7 tn invested globally in nature-negative activities, says UNEP Sat, Dec 09, 2023, 04:05 PM
Sought time from PM between Dec 18-20 to discuss 'pending' funds: Mamata Sat, Dec 09, 2023, 03:57 PM
Gangster wanted in MCOCA case nabbed in Delhi Sat, Dec 09, 2023, 03:42 PM
Will start preparing for 2024 LS polls, vote share not less than BJP: Congress Sat, Dec 09, 2023, 03:27 PM
Telangana rolls out free travel for women in TSRTC buses Sat, Dec 09, 2023, 03:18 PM
Government has empowered women: Rajnath Sat, Dec 09, 2023, 03:16 PM
4 killed in Israeli drone attack in Syria Sat, Dec 09, 2023, 03:05 PM
11 killed in armed conflict in Mexico Sat, Dec 09, 2023, 02:57 PM
Feels like I manifested role of Sita: Prachi Bansal Sat, Dec 09, 2023, 02:54 PM