The Bombay Stock Exchange (BSE) reported a fall in standalone net profit and income for the quarter (Q1) ended June 2016; though on a consolidated basis, it posted a growth.
Standalone net profit for Q1 stood at Rs. 45.49 crore, down 35.44 percent from Rs. 70.47 crore in the corresponding quarter last year. Total income fell 14.67 percent to Rs. 128.46 crore from Rs. 150.55 crore in the year-ago period, according to a statement issued by the BSE, Asia's oldest stock exchange.
On a consolidated basis, net profit rose 42.95 percent to Rs. 52.72 crore from Rs. 37.54 crore for the June 2015 quarter. Total income grew 14.77 percent to Rs. 165.42 crore from Rs. 144.12 crore.
For the year 2015-16, the BSE paid a dividend of Rs. 7.50 per share of Re. 1 face value.
The exchange received in-principle approval from capital markets regulator Sebi for the listing of its equity shares on March 14, 2016. Ashishkumar Chauhan is the Managing Director and Chief Executive Officer of BSE.
The 141-year-old stock exchange, at its annual general meeting in June this year, got shareholders' approval for an initial public offering (IPO) and consequent listing on one or more stock exchanges in India. The public issue will be in the nature of offer for sale (OFS) by the existing shareholders of the BSE. Those not opting for the sale won't be able to sell their shares for one year from the data of issue of shares as part of the listing.
"You could participate in the IPO by selling your Equity Shares as part of the Offer for Sale and you can avoid the lock-in of your Equity Shares for one year from the date of allotment/transfer of Equity Shares in the IPO," the exchange said in a communication on July 5 to its shareholders.
"Furthermore, subject to applicable law, the total size of the IPO shall be up to 30%, of the post-IPO issued equity share capital of the Exchange," it added.
Highlights of BSE (extracted from its annual report for 2015-16):
5,911 — number of companies listed on the exchange (equity and debt) as on March 31, 2016
11th — in the world in terms of number of trades
12th — in the world in terms of market capitalisation
13 subsidiary companies (direct and indirect), two joint ventures and one associate company
In December 2015, the exchange signed an agreement with the India Bullion and Jewellers Association (IBJA) for setting up a spot bullion exchange, the first of its kind in India.
9,007 — total number of shareholders of the exchange
7,991 — number of shareholders who are individuals
Top 10 shareholders include Deutsche Boerse AG, Singapore Exchange Limited, Caldwell India Holdings Inc., Atticus Mauritius Limited and Acacia Banyan Partners Limited, LIC, SBI and Bajaj Holdings.