BSE Q4 net profit drops 71% to Rs 12 cr

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New Delhi | Published: May 6, 2016 2:01:18 PM

BSE total income increased to Rs 173.27 crore in fourth quarter ended March 31, from Rs 152.24 crore in the year-ago period.

BSE Q4BSE total income increased to Rs 173.27 crore in fourth quarter ended March 31, from Rs 152.24 crore in the year-ago period.(Photo: Reuters)

Leading stock exchange BSE has reported 71.53 per cent plunge in consolidated net profit to Rs 12.02 crore in the fourth quarter ended March 31, 2015-16.

In comparison, the exchange had a net profit of Rs 42.23 crore during January-March period of 2014-15, latest update available with BSE (formerly known as Bombay Stock Exchange) website showed.

However, total income increased to Rs 173.27 crore in fourth quarter ended March 31, from Rs 152.24 crore in the year-ago period.

Overall expenses rose to Rs 110.56 crore in the quarter under review from Rs 97.71 crore in January-March quarter of 2014-15 mainly due to employee and administration related spending.

The exchange, in March, said it plans to come out with its initial share-sale program in the next six-nine months. The announcement came after receiving in-principle approval from markets regulator Sebi for listing.

For the entire fiscal 2015-16, the exchange’s net profit slumped 38 per cent to Rs 96.74 crore. The company’s income for the period rose to Rs 616.19 crore from Rs 583.71 crore.

The exchange’s group firms include CDSL, Indian Clearing Corporation and BSE Institute.

On a standalone basis, BSE’s net profit dropped to Rs 7.48 crore during the quarter under review, from Rs 17.94 crore in the year-ago period. The exchange’s total income grew to Rs 132.27 crore from Rs 101.66 crore.

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