BSE reports stellar increase in net profit
India’s leading stock exchange, BSE announced 222 per cent YoY increase and 3 per cent QoQ increase in its net profit for the year ended March 31, 2018.
The company's consolidated revenue from operations increased 28 per cent to Rs. 476.98 crore for FY18 from Rs. 373.65 crore for FY17. Its consolidated EBITDA went up 24 per cent to Rs. 321.94 crore in FY18 as against Rs. 260.13 in FY17, whereas its net profit soared 222 per cent to Rs. 711.28 crore in the period under consideration. The company's earnings per share from total operations after exceptional items for the year was at Rs. 130.41 per equity share.
On a quarterly basis, the consolidated revenue of the exchange increased 8.70 per cent to Rs. 136.57 crore in Q4FY18 vis-à-vis Rs 125.70 crore in Q3FY18. EBITDA for the Q4FY18 increased by 23 per cent to Rs. 85.19 crore from Rs. 69.16 crore in the quarter ended on March 31, 2017. Its net profit increased 3 per cent QoQ to Rs. 62.08 crore.
The board of the company recommended a dividend of Rs. 31 per equity share of face value of Rs. 2 each subject to the approval of the shareholders.
On Friday, BSE Limited closed at Rs. 818.25 per share, up Rs. 0.90 or 0.11 per cent on NSE.