BSE’s Q2 net profit up 4%

Mumbai: Stock exchange major BSE on Friday reported a rise of four per cent in its net profit for the second quarter ended on September 30.

According to the BSE, the net profit for Q2 FY18 rose to Rs 66.83 crore from Rs 63.99 crore during the corresponding quarter of the previous fiscal.

The stock exchange’s revenue from operations for the quarter under review was reported at Rs 110.75 crore — up 22 per cent from Rs 90.90 crore reported during the same period of FY17.

“The performance in first half of current financial year is an indicator of BSE’s strategy to promote investments and job growth in India,” said Ashishkumar Chauhan, Managing Director and Chief Executive of the BSE.

BSE’s scrip on the National Stock Exchange (NSE) closed higher by 0.26 per cent at Rs 987 per share.