BSE net rises 4% to Rs 66.83 crore in Q2 FY'18

Mumbai: Top stock exchange BSE today reported a 4 per cent rise in net profits at Rs 66.83 crore, for the three months ended September 30, this fiscal.

BSE's net profits from total operations stood at Rs 63.99 crore, during July-September quarter of 2016-17, the exchange said in a statement.

The exchange's revenue from operations rose about 22 per cent to Rs 110.75 in the second quarter of current fiscal from Rs 90.90 crore in the same period year-ago.

"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 managing director and CEO Ashishkumar Chauhan said.

"The exchange's efforts in the long term are expected to change the financial products distribution landscape in the country," he added.

Further, for the half year ended September 30, 2017, BSE registered a five fold jump in net profits at Rs 590.53 crore. The profits stood at Rs 107.69 crore in the same period year-ago.

Revenue from operations for the half year ended September 30, 2017 increased nearly by 24 per cent to Rs 213.39 crore from Rs 172.11 crore in the same period year-ago.

"The performance in first half of current financial year is an indicator of BSE's strategy to promote investments and job growth in India," Chauhan said.

Shares of BSE, which is the only listed stock exchange in the country, ended the day nearly flat at Rs 987 apiece on the National Stock Exchange (NSE).