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The National Stock Exchange (NSE) clocked revenues of Rs.269.68 crore in the three month period ending in June.
This coupled with other income of Rs 262.94 crore and an exceptional item of Rs.52.95 crore, has resulted in a net profit of Rs 367.37 crore, according to quarterly numbers made available on the exchange’s website.
This is in line with the June quarter last year, when it made Rs.367.91 crore.
The exceptional item includes profit of Rs.49.60 crores on sale of equity shares held in a subsidiary company to another subsidiary company, according to notes to the financials.
Meanwhile, the BSE recorded a net profit of Rs.31.26 crore for the quarter.
Both exchanges have not begun transfer of profits to the settlement guarantee fund as required by the Securities Contracts (Regulations) (SECC) Regulations, 2012 issued in June last year which required every recognized stock exchange to transfer twenty five percent of its annual profits every year to a fund to guarantee settlement of trades.
An expert committee is said to be looking into the operational aspects of the transfer of profits.
“Pending the report of the Expert Committee, no transfer of profits to the Settlement Guarantee Fund in terms of The Regulations has been made,” said a note on the NSE website.
"Pending clarification from Sebi regarding the norms for sourcing including transfer of profits by stock exchanges to the above mentioned fund, no transfer of profits has been recorded in the books of account as at June 30, 2013," said the BSE website.
The NSE had a settlement guarantee fund of over Rs.30,000 crore as of March 2013. The BSE had a fund of around Rs 4,000 crore.
This coupled with other income of Rs 262.94 crore and an exceptional item of Rs.52.95 crore, has resulted in a net profit of Rs 367.37 crore, according to quarterly numbers made available on the exchange’s website.
This is in line with the June quarter last year, when it made Rs.367.91 crore.
The exceptional item includes profit of Rs.49.60 crores on sale of equity shares held in a subsidiary company to another subsidiary company, according to notes to the financials.
Meanwhile, the BSE recorded a net profit of Rs.31.26 crore for the quarter.
Both exchanges have not begun transfer of profits to the settlement guarantee fund as required by the Securities Contracts (Regulations) (SECC) Regulations, 2012 issued in June last year which required every recognized stock exchange to transfer twenty five percent of its annual profits every year to a fund to guarantee settlement of trades.
An expert committee is said to be looking into the operational aspects of the transfer of profits.
“Pending the report of the Expert Committee, no transfer of profits to the Settlement Guarantee Fund in terms of The Regulations has been made,” said a note on the NSE website.
"Pending clarification from Sebi regarding the norms for sourcing including transfer of profits by stock exchanges to the above mentioned fund, no transfer of profits has been recorded in the books of account as at June 30, 2013," said the BSE website.
The NSE had a settlement guarantee fund of over Rs.30,000 crore as of March 2013. The BSE had a fund of around Rs 4,000 crore.
