Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement. The bourse’s revenue rose 53% to a record Rs 367 crore in the July-September quarter of the current financial year (FY24), from Rs 240 crore in the year-ago period. The exchange’s average daily turnover in the equity segment increased to Rs 5,922 crore in the quarter under review, from Rs 4,740 crore in three months ended September 2022. Also, the board of directors of BSE in their meeting on Friday have approved the fund infusion of Rs 22.36 crores in India International Exchange (IFSC) Ltd (India INX) and Rs 33.88 crore in India International Exchange (IFSC) Ltd (India ICC) towards the purchase of equity shares through the subscription of rights issue.
