BSE Consolidated Revenue from Operations up by 32% to Rs 340.41 crore for the nine months ended December 31, 2017
Posted on: 03/Feb/2018 11:06:48 AM
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 third quarter and nine months ended December 31, 2017. The Board of Directors of the BSE at its meeting held on February 2, 2018 have recommended a payment of interim dividend of Rs 5 per equity share of face value Rs 2 each.
Financial Highlights for Period Ended on December 31, 2017
Nine months ended on December 31, 2017
Revenue from Operations for the nine months year ended December 31, 2017 increased by 32% to Rs 340.41 crore from Rs 258.82 crore for the nine months ended on December 31, 2016
EBITDA for the nine months ended December 31, 2017 increased by 24% to Rs 236.75 crore from Rs 190.97 crore in the nine months ended on December 31, 2016
Net Profit from continuing operation for the nine months ended December 31, 2017 increased by 35% to Rs 175.23 crore from Rs 129.36 crore in the nine months ended on December 31, 2016
Net Profit for the nine months ended December 31, 2017 increased by 305% to Rs 649.20 crore from Rs 160.46 crore in the nine months ended on December 31, 2016
Excluding the profit on sale of part-stake in subsidiary, the Net Profit for the nine months ended December 31, 2017 increased by 17% to Rs 187.45 crore from Rs 160.46 crore in the nine months ended on December 31, 2016
Earnings per share (non-annualized) from Continuing Operations for the nine months ended on December 31, 2017 at Rs 32.10 per equity share.
Earnings per share (non-annualized) from Total Operations for the nine months ended on December 31, 2017 at Rs 118.93 per equity share.
Quarter ended on December 31, 2017
Revenue from Operations for the quarter ended December 31, 2017 increased by 45% to ₹ 125.70 crore from Rs 86.40 crore for the quarter ended on December 31, 2016 and increased by 13% from Rs 111.53 crore for the quarter ended on September 30, 2017.
EBITDA for the quarter ended on December 31, 2017 increased by 46% to Rs 80.74 crore from Rs 55.21 crore in the quarter ended on December 31, 2016 and decreased by 4% from Rs 84.40 crore for the quarter ended September 30, 2017 on account of decrease in investment income, excluding same EBITDA is increased by 18% from quarter ended September 30, 2017.
Net Profit from continuing operation for the quarter ended on December 31, 2017 increased by 35% to Rs 58.67 crore from Rs 43.36 crore in the quarter ended on December 31, 2016 and decreased by 12% from Rs 66.83 crore for the quarter ended September 30, 2017 on account of decrease in investment income, excluding same Net Profit from continuing operation is increased by 12% from quarter ended September 30, 2017.
Net Profit for the quarter ended on December 31, 2017 increased by 11% to Rs 58.67 crore from Rs 52.77 crore in the quarter ended on December 31, 2016 and decreased by 12% from Rs 66.83 crore for the quarter ended September 30, 2017 on account of decrease in investment income, excluding same Net Profit is increased d by 12% from quarter ended September 30, 2017.
Earnings per share (non-annualized) from Continuing Operations and Total Opeations for the quarter ended on December 31, 2017 at Rs 10.75 per equity share.
Business Highlights for Period Ended December 31, 2017
Equity Cash Segment average daily turnover increased by 57% to Rs 4,781 crore for the quarter ended December 31, 2017 from Rs 3,042 crore for the quarter ended December 31, 2016
Currency Derivative Segment average daily turnover increased by 38% to Rs 17,399 crore for the quarter ended December 31, 2017 from Rs 12,588 crore for the quarter ended December 31, 2016
Monthly orders processed in Mutual Fund Segment increased by 163% to 14.7 lakh for the quarter ended December 31, 2017 from 5.6 lakh for the quarter ended December 31, 2016
Average daily turnover in India International Exchange (IFSC) Ltd., BSE’s wholly owned subsidiary at GIFT City, Gandhinagar, for January 2018 was USD 255 million.
Commenting on financial performance during the nine months of the current financial year, Shri Ashishkumar Chauhan, MD & CEO, said: “The performance in nine months of current financial year is confirmation of constant, sustained and inclusive growth of investors, members and participants. It will endeavor to provide members and investors world class technology. BSE is focused on enhancement of existing and introduction of new investment products.”
