BSE Limited reports stable numbers

For the quarter ended June 30, 2018, BSE Limited registered earnings per share from continuing operations of Rs 9.98, up by 10 per cent from Rs 9.11 as against the same quarter in 2017.

The exchange's consolidated revenue from operations was Rs 116.99 crore for the quarter ended June 30, 2018 from Rs 110.47 crore for the quarter ended June 30, 2017, which is an increase of 6 per cent.

For Q1FY19 Consolidated total revenue grew by 3% to Rs 166.41 crore from Rs 161.22 crore for Q1FY18. Net Profit from continuing operations was Rs 51.50 crore from Rs 49.73 crore in the corresponding quarter.

In terms of business segment, monthly orders processed in Mutual Fund segment increased by 152 per cent to 70 lakh for Q1FY19 from 28 lakh for the quarter ended Q1FY18, while Currency Derivative segment average daily turnover increased by 73 per cent to Rs. 31,418 crore for Q1FY19 from Rs 18,148 crore Q1FY18.

In Q1FY19, India International Exchange (IFSC) Limited, BSE's wholly-owned subsidiary at GIFT City, Gandhinagar witnessed an outstanding growth in average daily turnover of 1108% to US$ 447 million from USD 37 million Q1FY18.

Speaking on the occasion, Ashishkumar Chauhan, MD and CEO of BSE Limited said that the success of Mutual Fund, Currency Derivatives, SME, India INX platforms have set the base for BSE to focus on growth of the next-gen products that cater to emerging India, efficiently scaling up our outreach to the financially excluded population of India.

Meanwhile, in Monday's early morning session, the stock of BSE Limited was quoting Rs. 807.00 per share, down by 1.98 per cent.