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BSE’s Half Yearly Consolidated Revenue goes up

Nov 3rd, 2017 1:44 pm | By | Category: LATEST NEWS

BSE INDIA
THE NEWSMAN OF INDIA.COM
MUMBAI, November 3, 2017 : BSE Ltd. (BSE), Asia’s oldest and World’s fastest exchange with a speed of 6 microseconds, announced its unaudited consolidated financial results for the second quarter and half-year ended September 30, 2017.

Half Year ended on September 30, 2017

· Revenue from Operations for the half year ended September 30, 2017 increased by 24% to ₹ 213.39 crore from ₹ 172.11 crore for the half year ended on September 30, 2016

· EBITDA for the half year ended September 30, 2017 increased by 15% to ₹ 156.01 crore from ₹ 135.76 crore in the half year ended on September 30, 2016

· Net Profit from continuing operation for the half year ended September 30, 2017 increased by 36% to ₹ 116.56 crore from ₹ 86.00 crore in the half year ended on September 30, 2016

· Net Profit for the half year ended September 30, 2017 increased by 448% to ₹ 590.53 crore from ₹ 107.69 crore in the half year ended on September 30, 2016
 
· Excluding the profit on sale of part-stake in subsidiary, the Net Profit for the half year ended September 30, 2017 increased by 20% to ₹ 128.78 crore from ₹ 107.69 crore in the half year ended on September 30, 2016

· Earnings per share (non-annualized) for the half year ended on September 30, 2017 at ₹ 108.18 per equity share.

Quarter ended on September 30, 2017

· Revenue from Operations for the quarter ended September 30, 2017 increased by 22% to ₹ 110.75 crore from ₹ 90.90 crore for the quarter ended on September 30, 2016 and increased by 8% from ₹ 102.64 crore for the quarter ended on June 30, 2017.

· EBITDA for the quarter ended on September 30, 2017 increased by 14% to ₹ 84.40 crore from ₹ 74.00 crore in the quarter ended on September 30, 2016 and increased by 18% from ₹ 71.61 crore for the quarter ended June 30, 2017.

· Net Profit from continuing operation for the quarter ended on September 30, 2017 increased by 30% to ₹ 66.83 crore from ₹ 51.45 crore in the quarter ended on September 30, 2016 and increased by 34% from ₹ 49.73 crore for the quarter ended June 30, 2017.

· Net Profit for the quarter ended on September 30, 2017 increased by 4% to ₹ 66.83 crore from ₹ 63.99 crore in the quarter ended on September 30, 2016 and increased by 8% from ₹ 61.95 crore (excluding one-time profit on sale of part-stake in subsidiary) for the quarter ended June 30, 2017.

· Earnings per share (non-annualized) for the quarter ended on September 30, 2017 at ₹ 12.24 per equity share.  

Business Highlights for Period Ended September 30, 2017

· Equity Cash Segment average daily turnover for the half year ended September 30, 2017 increased by 30% to ₹ 4,064 crore from ₹ 3,125 crore for the half year ended on September 30, 2016

· Currency Derivative Segment average daily turnover for the half year ended September 30, 2017 increased by 25% to ₹ 17,207 crore from ₹ 13,809 crore for the half year ended on September 30, 2016

· Average monthly number of order processed in Mutual Fund Segment for the half year ended September 30, 2017 increased by 148% to 10.5 lakh from 4.2 lakh for the half year ended on September 30, 2016

· Average daily turnover in India International Exchange (IFSC) Ltd., BSE’s wholly owned subsidiary at GIFT City, Gandhinagar, for October 2017 was USD 39 million. India INX IFSC introduced Liquidity Enhancement Scheme with the goal of creating lasting, self-sustaining liquidity, turnover and open interest w.e.f. November 01, 2017.

Commenting on financial performance during the first half of the current financial year,Ashishkumar Chauhan, MD & CEO, said: “The performance in first half of current financial year is an indicator of BSE’s strategy to promote investments and job growth in India. BSE’s strategy of using its technology prowess along with trust of people and its vast distribution network to distribute investment products is just beginning to take shape. BSE’s efforts in the long term are expected to change the financial products distribution landscape in India.”

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