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The lower profitability was due to higher SGF contribution for the currency derivatives segment, said BSE s management. SGF stands Settlement Guarantee Fund.
BSEs operational revenue for the quarter grew by 82% to Rs 372 crore. The operating EBITDA surged to Rs 92 crore from Rs 39 crore a year ago, while the EBITDA margin expanded sharply by 600 basis points to 25%.