Mumbai: Stock market major BSE on Monday reported a consolidated net profit of Rs 32.48 crore for the first quarter (Q1) of 2020-21.

On a sequential basis, the company has reported a consolidated net loss of Rs 1.91 crore during the fourth quarter of the last fiscal.

On a standalone basis, the net profit for the quarter ended June 30, 2020, was up by Rs 30.M75 crore to Rs 32.34 crore from Rs 1.59 crore in the previous quarter.

“The growth of turnover in the equity segment by 39 percent in this quarter over the corresponding quarter previous year is highly encouraging. Coupled with the focus on “best price execution” of trades by trading members, the prospects for growth in the equity segment in BSE also look brighter,” Ashishkumar Chauhan, MD, and CEO, BSE said in a statement.

“Introduction of e-KYC services in the mutual fund segment as a value-added service, as well as the introduction of health and life insurance segment in the insurance broking entity, demonstrates the relentless drive by BSE to provide more and better services to its stakeholders and public.”

In addition, the company’s Board in its meeting held on Monday has an ‘in-principle’ approved exploration of the possibility of unlocking value in BSE’s distribution business of ‘StAR Mutual Fund’ and appoint a merchant banker for the same.