BSE declares a final dividend of Rs17/equity share; net profit dips 96% in Q4

The sales of the company also fell 14% to Rs122.75cr in the quarter ended March 2020 as against Rs142.80cr during the previous quarter ended March 2019.

May 22, 2020 10:05 IST India Infoline News Service

Dalal Street
BSE Ltd. (BSE), Asia’s oldest and first universal exchange and World’s fastest exchange with a speed of 6 microseconds, announced its audited consolidated and standalone financial results for the quarter and year ended March 31, 2020.

The company’s net profit of BSE declined by 96.37% to Rs1.59cr in the quarter ended March 2020, as against Rs43.85cr during the previous quarter ended March 2019.

The sales of the company also fell 14% to Rs122.75cr in the quarter ended March 2020 as against Rs142.80cr during the previous quarter ended March 2019.

Commenting on financial performance for the quarter ended, Ashishkumar Chauhan, MD & CEO, said: “The introduction of Rupee based currency derivatives by BSE’s international exchange, INDIA INX completes the bouquet of major currencies traded on its trading platform.  With a cumulative trading volume of $822 billion since launch and international debt MTN (medium-term note) programme of about $48 billion, India’s INR-USD derivative is expected to attract more participants to the IFSC and make India INX a leading centre for raising capital for issuers across the globe. The growth of transactions in the StAR MF segment and pick up in operations of BSE-Ebix Insurance Broking Private Limited in spite of adverse economic environment is encouraging. BSE looks forward to continue to build upon its existing areas of strength and pursue other opportunities from time to time as the same arise.”  

The Board of Directors of BSE has recommended a final dividend of Rs17 per equity share having face value of Rs2 each subject to approval of shareholders in ensuing annual general meeting.  The total payout would be Rs77.87cr representing 95% of the profits excluding gain on part- equity stake sale of Central Depository Services (India) Limited.

Related Story