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BSE posts Highest Ever Consolidated NP

Aug 3rd, 2017 9:35 am | By | Category: LATEST NEWS
Ashishkumar Chauhan MD & CEO (BSE)

Ashishkumar Chauhan

(Business News)
MUMBAI, August 3, 2017 : BSE Ltd. (BSE), Asia’s oldest and World’s fastest exchange with a speed of 6 microseconds, announced its unaudited consolidated financial results for the first quarter ended June 30, 2017. Ashishkumar Chauhan the country’s stock market Icon is the MD and CEO of BSE.

Financial Highlights for Quarter Ended June 30, 2017

Total Operations

· Net Profit increased by 1098% to ₹ 523.70 crore from ₹ 43.70 crore in Q1FY17.
· Earnings Per Share (non-annualized) on Total Operations increased by 1098% to ₹ 95.94 from ₹ 8.01 in Q1FY17.
Continuing Operations

· Total Income increased by 11% to ₹ 158.38 crore from ₹ 142.73 crore in Q1FY17.
· Revenue from Operations up by 26% to ₹ 102.64 crore from ₹ 81.21 crore in Q1FY17
· EBITDA up by 16% to ₹ 71.61 crore from ₹ 61.76 crore in Q1FY17
· Net Profit from continuing operation up by 44% to ₹ 49.73 crore from ₹ 34.55 crore in Q1FY17
· Earnings Per Share (non-annualized) on Continuing Operations (after exceptional items) up by 44% to ₹ 9.11 from ₹ 6.33 in Q1FY17.

Business Highlights for Quarter Ended June 30, 2017

· Equity Cash Segment average daily turnover up by 51% to ₹ 4133 crore from ₹ 2,732 crore in Q1FY17
· Currency Derivative Segment average daily turnover up by 15% to ₹ 18,147 crore from ₹ 15,757 crore in Q1FY17
· Average daily turnover in India International Exchange (IFSC) Ltd., BSE’s wholly owned subsidiary at GIFT City, Gandhinagar, for July 2017 is USD 57 million, growing at Monthly Compounded Growth Rate of 96% since commencement of operations in January 2017.
· 155% growth in the average monthly number of order processed in Mutual Fund Segment to 9.2 Lakh orders from 3.6 Lakh in Q1FY17

Commenting on Q1 performance MD& CEO, Ashishkumar Chauhan said: “Regulatory compliance is and would remain top most priority for BSE in times to come, to maintain public trust in the markets as well as trust of regulators. BSE continues to provide a fair, efficient, transparent & orderly securities market. BSE aims to grow both organically and inorganically. It is heartening to note that quite a few initiatives seeded in earlier years are showing good growth and potential for increasing stakeholder valuation. Our International Exchange continues to get attraction from investors and we are focused on achieving the target of enabling Indian firms to compete on equal footing with offshore firms. As a strategy, BSE strives to obtain leadership position in newer opportunities while consolidating and improving its market share in areas where it is at a competitive disadvantage. Our consistent growth in our operational growth over past few years bears testimony to the success of the business strategy being implemented by us.

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