Business · Companies · 13 hrs ago

BSE Q2 profit rises 45% to ₹809 crore as revenue grows

BSE Q2 profit rises 45% to ₹809 crore as revenue grows

Mumbai-based stock exchange BSE reported ₹809 crore in second-quarter profit, up 44.9% from a year earlier.

Revenue from operations rose 34.1% to ₹1,433 crore, but both figures fell from the June quarter.

BSE said foreign investor outflows and economic uncertainty weighed on equity-market volumes.

Its average daily turnover in cash equities reached a quarterly record, while index-options turnover declined from the previous quarter as volatility eased.

The board approved accepting an offer for a plot in Mumbai’s Bandra-Kurla Complex to support more premises and infrastructure.

BSE has also applied for regulatory approval to offer derivatives linked to MSCI indexes and is awaiting a decision.

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What people are saying

BSEStock exchange
There are quite a few macroeconomics situations today, as we all are aware, resulting in a broader outflow from the Indian market from FPIs
via Hindu BusinessLine
Sundararaman RamamurthyBSE managing director and CEO
We feel that it will further enhance and deepen the market
via Business Standard