Bombay Stock Exchange net profit falls over 16% to Rs 64 crore after listing
Bombay Stock Exchange net profit falls over 16% to Rs 64 crore after listing
Bombay Stock Exchange’s net profit fell 16.55% to Rs 63.72 crore in the third quarter from Rs 76.36 crore in the same period last year.
In Q2, BSE posted a net profit of Rs 76 crore.
BSE declared its first financial results since it was listed on the National Stock Exchange (NSE) last month.
The company declared an interim dividend of Rs 5 per equity share.
Its consolidated revenue for the quarter amounted to Rs 173.33 crore, 8.9% higher than Rs 159.06 crore in the quarter ending December 2015.
While announcing its Q3 results, the company announced the appointment of Roland Schwinn and Kuldip Singh Dhingra as Shareholder Directors on the Board of the Exchange subject to approval of shareholders.
Schwinn has been the Head of Eurex Asia, the derivatives market of the Deutsche Boerse Group for Asia while Dhingra was the promoter and Chairman of the Board of Directors of Berger Paints India Ltd.
Shares of BSE fell 0.38% to Rs 998 per share on Nifty 50.
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