MUMBAI: A combination of factors such as depressed trading volumes, prior period accounting adjustments and extraordinary expenses took their toll on the performance of BSE (formerly the Bombay Stock Exchange) in the quarter ended June 30, 2012.
Asia's oldest stock exchange posted a sharp 76% decline in its net profit to Rs 15.4 crore, while total income fell 9% to Rs 136.4 crore during the period.
A break-up of BSE's revenues showed that income from stock exchange activity, including transaction charges and listing fees among major sources, amounted to Rs 95 crore, down 11% over the figure recorded in the quarter ended June 30, 2011. Income from depository activity decreased 9% to Rs 29.5 crore.
Securities trading volume and turnover at BSE declined substantially in the last quarter due to generally dismal market conditions.
While volume fell 29% to 1,234 crore shares, turnover slipped 32% to Rs 1,28,275 crore in the period.
The Economic Times News
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