The net profit of Bombay Stock Exchange (BSE) has witnessed a year-on-year (y-o-y) decline of 23 per cent for the third quarter ended December 2011. According to analysts, the profit has taken a hit due to allocation of funds since September to liquidity enhancement or market making schemes.
BSE’s net profit stood at Rs 41.6 crore for the quarter ending December compared to Rs 54.5 crore in the corresponding period of the previous year. The net fell even on a quarter-on-quarter basis, as BSE had recorded a profit of Rs 55.9 crore in the September quarter.
The BSE board had sanctioned Rs 107 crore to be spent on market making schemes between September 2011 and March 2012. BSE had spent Rs 18 crore till now, said an official of the exchange.
On revenue, the exchange posted a marginal four per cent rise in the December quarter compared to the September quarter. The total income of BSE for the December quarter stood at Rs 136 crore. Operating income stood at Rs 129 crore in December against Rs 124 crore in September.
BSE operates in two segments - stock exchange activity, involving providing securities trading, and depository services. Revenue from the stock exchange activity stood at Rs 101 crore, while depository services brought in Rs 27 crore for the December quarter. BSE is the promoter of depository services company CDSL.
Meanwhile, options trading in the Sensex has gained momentum. The market share of Sensex options stood at 50.23 per cent on Tuesday against Nifty options. Sensex options worth Rs 30,947 crore were traded on Tuesday compared Rs 61,607 crore worth of trades in Nifty options.
