BSE Q4 net profit doubles to Rs 71.52 cr
New Delhi:
Major stock exchange BSE on Wednesday reported a more than two-fold increase in net profit to Rs 71.52 crore for the three months till March 2022.
In comparison, the exchange had posted a net profit of Rs 31.75 crore in the same quarter of the previous fiscal, the BSE said in a regulatory filing to the NSE.
The exchange’s revenue from operations increased to Rs 204.59 crore in the reporting period from Rs 152.18 crore in the quarter ended March 2021.
The Exchange has declared a final dividend of Rs 13.5 per equity share at Rs 2 per equity share for the financial year 2021-22 on the equity capital extended after the issue of bonus shares in March 2022.
“As seen over the years, BSE has come up with a strategy to build products and markets for institutions and investors, which enables us to grow in all economic conditions, so that BSE is truly all-weather. Be it a growth story, something that does not exist in the market or asset class alone,” said Ashishkumar Chauhan, MD and CEO of the exchange.
He added, “As we begin FY2023, we are better positioned than ever to capitalize on trends across asset classes, and we remain focused on investing and executing on the many growth opportunities ahead of us. ,” They said.
For the full financial year 2021-22, the stock market’s net profit rose 73 per cent to Rs 244.93 crore from Rs 141.7 crore in the previous fiscal.
Its revenue from operations grew 48 per cent to Rs 743.15 crore in FY22 from Rs 501.37 crore earlier.