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BSE Q3 net profit drops 17% to Rs 64 cr

The exchange had posted a net profit of Rs 76.73 crore in the third quarter ended December 31, 2015-16, latest update available with BSE (formerly known as Bombay Stock Exchange) website showed.

February 15, 2017 / 01:48 PM IST
 
 
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Leading stock exchange BSE has reported a 17 per cent decline in consolidate net profit to Rs 63.73 crore in the October-December quarter of the current fiscal.

The exchange had posted a net profit of Rs 76.73 crore in the third quarter ended December 31, 2015-16, latest update available with BSE (formerly known as Bombay Stock Exchange) website showed.

However, total income increased to Rs 174.72 crore in the third quarter, from Rs 160.56 crore in the same period a year ago.

Overall expenses rose to Rs 112.36 crore in the quarter under review, from Rs 97.78 crore in the same period last fiscal, mainly due to employees, computer technology and administration related spending.