Mumbai: Top stock exchange BSE has reported a 40 per cent increase in consolidated net profit at Rs 52.72 crore for the quarter ended June 2016.
BSE, which is currently working towards an initial public offer (IPO), had logged a net profit of Rs 37.54 crore for the corresponding period of 2015-16, the latest update available with BSE (formerly known as Bombay Stock Exchange) showed.
Total income of the stock exchange also rose nearly 15 per cent to 165.42 crore during the first quarter of the current fiscal year.
BSE's total expenditure grew marginally to Rs 104.33 crore during the quarter under review, as against Rs 102.10 crore a year ago, mainly on account of employee and administration costs.
The exchange had in March this year received in-principle approval from capital markets regulator Sebi (Securities and Exchange Board of India) for listing on the domestic capital markets. It is expected to file its draft IPO papers with the regulator soon.
In June, shareholders of BSE had given their approval to the proposed IPO of the stock exchange through an offer for sale (OFS).
A maximum of 30 per cent of BSE equity can be diluted through the OFS. As on date, the exchange has about 9,314 shareholders comprising brokers and institutions.
Besides, BSE group firms include CDSL, Indian Clearing Corporation and BSE Institute.
On a standalone basis, BSE net profit dropped over 35 per cent to Rs 45.49 crore during the first quarter from Rs 70.47 crore in the corresponding period a year ago. The exchange's total income also dipped to Rs 128.46 crore from Rs 150.55 crore.
BSE, which is currently working towards an initial public offer (IPO), had logged a net profit of Rs 37.54 crore for the corresponding period of 2015-16, the latest update available with BSE (formerly known as Bombay Stock Exchange) showed.
Total income of the stock exchange also rose nearly 15 per cent to 165.42 crore during the first quarter of the current fiscal year.
BSE's total expenditure grew marginally to Rs 104.33 crore during the quarter under review, as against Rs 102.10 crore a year ago, mainly on account of employee and administration costs.
The exchange had in March this year received in-principle approval from capital markets regulator Sebi (Securities and Exchange Board of India) for listing on the domestic capital markets. It is expected to file its draft IPO papers with the regulator soon.
In June, shareholders of BSE had given their approval to the proposed IPO of the stock exchange through an offer for sale (OFS).
A maximum of 30 per cent of BSE equity can be diluted through the OFS. As on date, the exchange has about 9,314 shareholders comprising brokers and institutions.
Besides, BSE group firms include CDSL, Indian Clearing Corporation and BSE Institute.
On a standalone basis, BSE net profit dropped over 35 per cent to Rs 45.49 crore during the first quarter from Rs 70.47 crore in the corresponding period a year ago. The exchange's total income also dipped to Rs 128.46 crore from Rs 150.55 crore.
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