BSE Limited posts 23 per cent PAT growth

The company that manages India's fastest stock exchange BSE Limited reported consolidated PAT of Rs. 50.07 crore for the December 2018 quarter, which is up 23 per cent QoQ. The company has declared an interim dividend of Rs. 5 per equity share.

For Q3FY19, the BSE Limited reported consolidated total income of Rs. 177.11 crore as against Rs. 164.05 crore in Q2FY19, ended September 30, 2018. Consolidated PAT for the quarter was at Rs. 50.07 crore as against Rs. 40.74 crore in the previous quarter, up 23 per cent on QoQ basis.

The company's Earnings per share (EPS) from continuing operations for the December quarter was up by 23 per cent at Rs. 9.52 per share as against Rs. 7.75 per share in Q2FY19.

In terms of business segment, for the nine month period ended December 2018, orders processed in Mutual Fund Segment rose by 137% to 253 lakh as against 107 lakh for the same period as of December 2017. Also, the number of registered MF distributors grew to 20,082 as on January 31, 2019. Under this segment, the total number of SIPs registered grew by 35 per cent in the nine months period ended December 2018 at to 3,97,153 as against 2,94,165 in the corresponding period a year ago.

In the Currency Derivative Segment, for the nine month period ended December 2018, the average daily turnover grew by 82% to Rs. 31,384 crore as against Rs. 17,270 crore in the corresponding period a year ago.

For India INX business segment or at the India International Exchange (IFSC), for the nine month period ended December 2018, average daily turnover increased by 996 per cent to US$ 694 million as against US$ 63 million in the corresponding period a year ago.

Speaking on the occasion, Ashishkumar Chauhan, MD and CEO of BSE Limited said: “BSE continues to be the platform of choice for investment in equity, mutual funds and debt securities. The stellar growth in investments being made through StAR Mutual Fund platform reinforces our leadership position in the fintech segment and stands as a testimony to the same.”

Meanwhile, on Friday, the stock of BSE Limited closed at Rs. 586.80 per share, down by 0.45 per cent on NSE.