Leading stock exchange BSE on Friday reported that more than three-fold jump in consolidated net profit to ₹ 72.66 crore for the fourth quarter ended March 31, 2016 -17.
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In comparison, the boue had a net profit of 20.24 crore in the January-March quarter of the previous fiscal, 2015-16, BSE said in a filing to the NSE.
Besides, total income of the exchange rose to 231.13 crore during the fourth quarter of 2016-17 from ₹190.31 crore in the year-ago period.
The robust earnings can be attributed to increase in securities services and lower regulatory cost, a BSE spokespeon said.
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For the fiscal year that ended on March 31, 2017, the BSE has a net profit of ₹265.09 crore as compared to ₹177.13 crore in 2015-16.
BSE’s total income surged to 800.75 crore in the just concluded financial year (2016-17) from 670.09 crore in the preceding fiscal.
The exchange’s group firms include CDSL, Indian Clearing Corporation, BSE Institute, BSE Investments and BSE Sammaan.
On a standalone basis, BSE’s net profit grew to 41.41 crore in the quarter under review from 4.01 crore in January-March quarter of 2015-16. Further, the total income increased to 147.36 crore in three months ended March 31, 2017 from 138.10 crore in the year-ago period.
Earlier in February, BSE that was formerly known as Bombay Stock Exchange- got listed on the rival NSE.
The issue, which was also the fit share sale by a domestic stock exchange, was open to bidding on January 23—25.
The IPO saw robust investor demand and was oveubscribed 51.22 times.
The boue is the world’s largest exchange by number of listed companies. Shares of nearly 3,000 companies trade on BSE.