BSE's Q4 net profit up 3%

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Stock exchange BSE on Friday reported a rise of 3 per cent in its net profit for the quarter ended March 31, 2018.

According to the company, its net profit during the quarter under review increased to Rs 62.08 crore from Rs 60.11 crore reported for the corresponding period of the previous year.

Besides, BSE's revenue from operations for the quarter ended March 31, 2018 increased by 19 per cent to Rs 136.57 crore from Rs 114.83 crore for Q4 of the previous year.

On the fiscal basis, the company reported a rise of 222 per cent in its net profit for the financial year ended March 31, 2018. The net profit increased to Rs 711.28 crore from Rs 220.57 crore reported for the previous corresponding period.

In addition, the company reported that its revenue from operations for the year ended March 31, 2018 increased by 28 per cent to Rs 476.98 crore from Rs 373.65 crore for the year ended on March 31, 2017.

Commenting on the financial performance for the year, BSE's MD and CEO Ashishkumar Chauhan said: "BSE's growth in financial year 2017-18 is attributable to the its technological edge, superior planning and execution capabilities."

"BSE would continue to focus on providing more value added and new products and services for inclusive growth of all its stakeholders."

--IANS

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