NSE posts Q4 loss at Rs 240-cr on transfer to SGF

Leading bourse, National Stock Exchange (NSE) has posted a net loss of Rs 240 crore for the quarter ended March 31, mainly on account of transfer of Rs 694 crore towards core Settlement Guarantee Fund (SGF).
In comparison, the exchange had reported a net profit of Rs 120.51 crore during same period of the last fiscal.
However, the bourse's total income increased to Rs 410.80 crore in the quarter under review from Rs 388.76 crore in the same period past fiscal.
The exchange has attributed its quarterly loss to shift of Rs 694 crore to core SGF.
As per Sebi norms, clearing corporation will have a fund called Core SGF for each segment of every stock exchange to guarantee the settlement of trades executed in respective segment of the bourse.

The exchange will have to contribute at least 25 per cent of the minimum required corpus of core SGF.

For the entire fiscal, NSE has recorded a net profit of Rs 439.33 crore as compared to Rs 779.68 crore in the preceding financial year. The exchange's total income rose to Rs 1,480.42 crore from Rs 1,363.68 crore.
NSE's board has recommended a dividend of Rs 73 per equity share of Rs 10 each for the financial year ended March 31, 2016.
"The dividend, if approved, by the shareholders in the ensuing Annual General Meeting (AGM), will be paid to the shareholders within 5 days from the date of AGM," NSE said.