Leading stock exchange BSE on Thursday reported a net profit of Rs 31.75 crore for the three months ended March 31, 2021.
In comparison, the exchange had posted a net loss of Rs 1.91 crore in the same quarter of the preceding fiscal.
Revenue from operations
The exchange’s revenue from operations rose 27 percent to Rs 152.18 crore in the quarter under review from Rs 119.56 crore in the January-March period of 2019-20.
Dividend
The board of directors of BSE has recommended a final dividend of Rs 21 per equity share of Rs 2 each for financial year 2020-21. This is subject to the approval of shareholders in the ensuing annual general meeting.
The total payout with a dividend payout ratio of 99 per cent of the current year profits would be Rs 96.19 crore.
Comment from MD and CEO
Ashishkumar Chauhan, “The efforts made towards building and maintaining its technology prowess combined with culture of customer first, new initiatives and continuous innovation has started to reflect in the business growth and financial performance.”
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