BSE's net profit rises 24 pc to Rs 88.61 crore in March quarter

Leading stock exchange BSE has reported a 24% rise in net profit to INR 88.61 crore ($11.7m) for Q1 2023 ending in March 2023. For FY23, the exchange recorded a 16% drop in net profit to INR 205.65 crore compared to the previous fiscal year. However, its revenue from operations increased 10% to INR 815.53 crore in FY23. The exchange also announced a final dividend of INR 12 per equity share for FY23. The equity cash segment's average daily turnover in FY23 declined by 23% YoY, while the equity derivative segment's daily turnover decreased by 48% YoY for the same period.

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