New Delhi, November 11 (Language) The net profit of the stock market BSE quadrupled to Rs 118 crore in the second quarter of the current financial year. The stock market gave this information in a statement.
The net profit of BSE in the same quarter of the last financial year was Rs 29.4 crore.
BSE said the exchange’s revenue rose 53 per cent to a record Rs 367 crore in the July-September quarter of the current financial year, from Rs 240 crore in the year-ago period.
Sundarman Ramamurthy, Managing Director (MD) and Chief Executive Officer (CEO), BSE, said, ‘We will continue to invest in the development of human resources, new products, technology infrastructure, etc., and thus drive long-term growth shareholders and vibrant BSE will fulfill its mission of 2025.
The exchange’s average daily turnover in the equity segment increased to Rs 5,922 crore in the quarter under review from Rs 4,740 crore in the quarter ended September 2022.
Additionally, the board of directors of BSE, in its meeting on Friday, approved investment of Rs 22.36 crore in India International Exchange (IFSC) Ltd (India INX) and Rs 33.88 crore in India International Exchange (IFSC) Ltd (India ICC).
Language Anurag Pandey