BSE net profit nearly halves to Rs 34 cr as margin plunges, expenses rise
Premier exchange BSE on Monday reported a 48 per cent fall in net profit at Rs 33.8 crore for the quarter to September from Rs 65.1 crore in the year-ago period as its operating margin fell to a fourth of the previous fiscal.
While the operating margin crashed to 7 per cent in the reporting quarter from a high 28 per cent a year ago, its operating income fell by 75 per cent to Rs 13.4 crore from Rs 53.2 crore, the bourse said in a regulatory filing.
The exchange filing did not offer a reason for the massive fall in both except saying that its expenses jumped 36 per cent to Rs 184.3 crore from Rs 135.6 crore.
Revenue of Asia's oldest exchange inched up 6 per cent to Rs 239.8 crore for the quarter from Rs 225.8 crore in the same period of the previous year. Operational revenue grew 5 per cent to Rs 197.7 crore from Rs 188.8 crore.
It booked other income of Rs 42.1 crore, up 14 per cent from Rs 37.1 crore.
The exchange saw issuers raising Rs 3.7 lakh crore through equity, bonds, ...