New Delhi: Leading stock exchange BSE has reported 71.53 % plunge in consolidated net profit to Rs 12.02 crore in the fourth quarter ended March 31, 2015-16.
In comparison, the exchange had a net profit of Rs 42.23 crore during January-March period of 2014-15, latest update available with BSE (formerly known as Bombay Stock Exchange) website showed.
However, total income rose to Rs 173.27 crore during the fourth quarter. Overall expenses rose to Rs 110.56 crore mainly due to employee and administration related spending. The exchange, in March, said it plans to come out with its initial share-sale program in the next six-nine months. For the entire fiscal 2015-16, the exchange’s net profit slumped 38% to Rs 96.74 crore.
