Bombay Stock Exchange announced its Q2 results on Tuesday after market close.

What Happened: BSE posted a 187.8% year-on-year increase in consolidated net profit to ₹346.75 crore in the September quarter. The stock exchange’s revenue from operations gained 124.7% YoY to ₹813.3 crore in the quarter. The Q2 numbers beat the market’s expectations of ₹296 crore net profit and ₹722.83 crore revenue.

In the previous year, BSE had reported a net profit of ₹120.50 crore and a ₹314.51 crore revenue.

In the quarter, BSE had increased transaction charges for Sensex and Bankex options to ₹3,250 per crore of premium turnover. Premium turnover is the total premium paid for all the contracts traded in a day.

See Also: LIC Reduces Stake In Tata Power, Shares Down 4%

NSE and BSE hiked the transaction charges after market regulator SEBI implemented a "true to label" policy which prompts market infrastructure institutions (MII) like stock exchanges to charge all players equally rather than a volume-based slab structure.

Additionally, BSE discontinued Sensex 50 and Bankex weekly derivative expiries in November after new SEBI rules came into force to control the excess trading in futures and options and to bring market stability.

Price Action: Shares of BSE gained 1.77% to ₹4,705 on Tuesday ahead of results.

Read Next: Nykaa’s Q2 Net Profit Soars 72% To ₹10 Cr, But Misses Estimates