New Delhi: Leading inventory alternate BSE has reported a four-fold leap in net profit at Rs 118.4 crore for the quarter led to September 2023. In comparability, the alternate had posted a net profit of Rs 29.4 crore within the year-ago interval, BSE mentioned in a press release.
The bourse’s revenue rose 53 per cent to a record Rs 367 crore within the July-September quarter of the present monetary yr (FY24), from Rs 240 crore within the year-ago interval. “We shall continue to invest in development of human resources, new products, technology infrastructure, etc, and thus pursue long-term growth shareholders and deliver on our mission of Vibrant BSE 2025,” the alternate’s MD & CEO, Sundararaman Ramamurthy, mentioned.
The alternate’s common each day turnover within the fairness section elevated to Rs 5,922 crore within the quarter beneath evaluate, from Rs 4,740 crore in three months ended September 2022.
Also, the board of administrators of BSE of their assembly on Friday have authorised the fund infusion of Rs 22.36 crores in India International Exchange (IFSC) Ltd (India INX) and Rs 33.88 crore in India International Exchange (IFSC) Ltd (India ICC) in direction of buy of fairness shares by subscription of rights subject.
Also Read: LIC stories 50 per cent fall in net profit to Rs 7,925 crore for September 2023 quarter
