BSE Q3 results: Profit jumps nearly threefold to ₹602 cr; revenue up 62% ...Middle East

Economy by : (Business Standard) -
Leading stock exchange BSE on Monday reported a nearly three times jump in consolidated profit to Rs 602 crore for the December quarter, driven by strong growth in equity derivatives trading, listings and mutual fund transactions. The exchange posted a profit of Rs 220 crore in the corresponding period of the last fiscal year. Total revenue for the quarter under review stood at an all-time high of Rs 1,334 crore, up 61 per cent from Rs 829 crore a year earlier, BSE said in a statement. This also marks the exchange's 11th consecutive record performance. Further, operating expenses declined 4 per cent year-on-year to Rs 512 crore, further boosting profitability. Investment and other income increased 47 per cent to Rs 90 crore during the quarter. Commenting on the results, BSE MD and CEO Sundararaman Ramamurthy said the exchange's "strong Q3 performance is a testament to the strength of our platforms and the confidence the marketplaces in BSE". "With record SME listings, growing ind

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