BSE on Wednesday reported that its net profit in the September quarter was down 22 per cent at ₹36 crore against ₹46 crore logged in the same period last year.
Revenue from operations were down 5 per cent at ₹109 crore (₹115 crore). Total expenses increased to ₹134 crore (₹121 crore).
BSE has undertaken buyback of 67.65 lakh equity shares at ₹680 an equity share through the tender offer route. The buyback closed on September 16 and the exchange had bought back shares worth ₹460 crore. The consolidated and standalone net worth of BSE stand at ₹2,400 crore and ₹2,065 crore, respectively, as on September 30, 2019 .
Ashishkumar Chauhan, Managing Director & CEO, said the issuance of in-principle approval to BSE-Ebix Insurance Broking to act as a direct insurance broker by the Insurance Regulatory and Development Authority of India is a significant next step for the BSE group to transform itself as a full-fledged financial services and distribution platform.
The implementation of inter-operability among clearing corporations is a major reform in the Indian capital market and BSE looks forward to higher liquidity across its inter-operable platforms, he added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.