The net profit of the country’s leading stock exchange BSE has more than tripled to Rs 265 crore in the April-June quarter of the current financial year. Its net profit in the same quarter of the last financial year was Rs 75 crore. BSE said in a notice to the stock market on Wednesday that its income in the June quarter was Rs 674 crore, which is its highest ever in any quarter. Its income in the same quarter last year was Rs 271 crore. BSE’s Managing Director and Chief Executive Officer (CEO) Sundararaman Ramamurthy said, “Our performance has been strong in the first quarter. Every business has contributed to the income and profit.”
NSE profit increased by 39%
The National Stock Exchange (NSE)’s consolidated net profit for the first quarter of the current financial year ended June 2024 increased by 39 per cent year-on-year to Rs 2,567 crore. NSE’s consolidated operating income for the April-June quarter of the current financial year increased by 51 per cent to Rs 4,510 crore. On a standalone basis, NSE earned a net profit of Rs 1,960 crore in the quarter under review, as against Rs 1,598 crore in the same period a year ago. NSE recorded a total operating income of Rs 4,051 crore in the first quarter, a 43 per cent increase year-on-year from Rs 2,833 crore in the same quarter last year. NSE’s total expenses on a standalone basis stood at Rs 1,762 crore in the quarter under review.
Rs 14,003 crore went to the government treasury
NSE said that it has contributed Rs 14,003 crore to the government treasury for the first quarter of the current financial year. Of this, STT/CTT (Commodity Transaction Tax) includes Rs 12,054 crore, stamp duty (Rs 1,018 crore), GST (Rs 362 crore), SEBI fee (Rs 333 crore) and income tax (Rs 236 crore).
