NEW DELHI: The Bombay Stock Exchange (BSE) reported a net profit of Rs 265 crore for the quarter ending June 2024 compared to the Rs 75 crore it recorded in the corresponding quarter of the previous fiscal year.
The leading stock exchange reported Rs 674 crore in revenue for the same quarter, its highest ever. Its revenue for the same period last year was Rs 271 crore.
“We have finished the first quarter strongly, with every business line contributing to revenue and profitability.This reflects the strength of our proposition, the improvements we have made to our products and the depth of our relationships with customers,” said BSE MD and CEO Sundararaman Ramamurthy.
The equity cash segment witnessed a significant increase in average daily turnover, reaching Rs 9,006 crore in the first quarter of FY25, up from Rs 4,025 crore in the corresponding quarter of the previous year.
Additionally, BSE ventured into the single stock derivatives market, effective from July 1, 2024, introducing a mid-month expiry on the second Thursday of each month. Since its launch, 155 members have actively participated in single stock futures, while 35 members have engaged in single stock options trading.
The leading stock exchange reported Rs 674 crore in revenue for the same quarter, its highest ever. Its revenue for the same period last year was Rs 271 crore.
“We have finished the first quarter strongly, with every business line contributing to revenue and profitability.This reflects the strength of our proposition, the improvements we have made to our products and the depth of our relationships with customers,” said BSE MD and CEO Sundararaman Ramamurthy.
The equity cash segment witnessed a significant increase in average daily turnover, reaching Rs 9,006 crore in the first quarter of FY25, up from Rs 4,025 crore in the corresponding quarter of the previous year.
Additionally, BSE ventured into the single stock derivatives market, effective from July 1, 2024, introducing a mid-month expiry on the second Thursday of each month. Since its launch, 155 members have actively participated in single stock futures, while 35 members have engaged in single stock options trading.
