BSE reports 4 per cent rise in total income

BSE Limited reported results for Q2FY19 on Friday, post market hours. The company's standalone total income was up for the quarter ended September 30, 2018 by 4% to Rs. 152.47 crore from Rs. 146.15 crore on a QoQ basis.

BSE reported strong business growth across segments with currency derivative segment registering 90 per cent increase in average daily turnover at Rs. 32,668 crore for H1FY19 from Rs. 17,207 crore for H1FY18. The company's mutual fund segment recorded a 148 per cent hike in monthly orders processed at 156 lakh for H1FY19 from 63 lakh for H1FY18. While India INX registered a 1387 per cent increase with an average daily turnover of US$ 630 million for H1FY19 from US$ 42 million for H1FY18.

During the quarter, the company also launched its commodity exchange and entered the commodity derivative segment from October 1, thus making BSE exchange, a universal exchange.

Commenting on the results, BSE's MD and CEO, Ashishkumar Chauhan said, “BSE has become the first universal exchange in India with the launch of commodity derivatives which has reinforced itself as the most agile and foremost exchange in India is focused on identifying and creating new business opportunities that would create value for its stakeholders. and the nation.”

BSE has also successfully completed a share buyback program, the company's paid-up equity share capital is at Rs. 10.36 crore, down by 3.7 per cent. The company's earnings per share Q2FY19 was up by 4 per cent to Rs. 10.09 per share from Rs. 9.69 per share on a QoQ basis.

On Friday, the stock of BSE Limited closed at Rs. 623.00 per share, up by 1.26 per cent. The stock opened at Rs. 620.00, and hit a high of Rs 630.90 and a low of Rs. 616.00 per share during the day.