Media Release
BSE Q2 FY24 revenue grows 53% to a record Rs 367 crores
BSE attains its highest quarterly revenue ever at Rs. 367 crores for Q2 FY24 as compared to Rs. 239.8 crores in Q2 FY23, a growth of 53%
BSE's operational revenues have grown by 59% to Rs. 314.5 crores from Rs. 197.7 crores in the corresponding quarter of previous year
The operating EBITDA for Q2 FY24 stands at Rs. 141.7 crores up from Rs. 13.4 crores in the corresponding quarter of previous year with operating EBITDA margin increasing to 45% in Q2 FY24 from 7% in Q2 FY23
The net profit attributable to shareholders of the company for the quarter stands at Rs. 120.5 crores, up 256% YoY basis
BSE has crossed a milestone in its equity derivatives segment by trading more than 27 crore contracts, representing a notional turnover of Rs. 177 lakh crores on 10th November 2023
Total number of transactions in BSE StAR MF grew by 51% to reach 17.9 crores transactions during H1 FY24 from 11.9 crores in H1 FY23, with BSE continuing a market share of 89%
MUMBAI, November 10, 2023: BSE Ltd. announced its unaudited consolidated and standalone financial results for the quarter ended September 30, 2023.
Unaudited Consolidated Financial Results at a Glance:
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Particulars
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Q2 FY24
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Q2 FY23
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YoY Growth
|
|
(Rs. Crore)
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(Rs. Crore)
|
|
Total Revenue
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367.0
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239.8
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↑ 53%
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|
Revenue from Operations
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314.5
|
197.7
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↑ 59%
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Less: Operating Expenses
|
172.8
|
184.3
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↓ 6%
|
|
Operating EBIDTA
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141.7
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13.4
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↑ 956%
|
|
Operating EBIDTA Margin
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45%
|
7%
|
|
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Add: Other Income
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52.5
|
42.1
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↑ 25%
|
|
Less: Depreciation and Interest costs
|
31.2
|
19.6
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↑ 59%
|
|
Profit before Tax and share of associates
|
163.0
|
35.9
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↑ 354%
|
|
Add: Share of Profit of Associates
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19.0
|
15.0
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↑ 27%
|
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Less: Taxes
|
63.6
|
21.5
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↑ 196%
|
|
Net Profit
|
118.4
|
29.4
|
↑ 303%
|
|
Net Profit attributable to shareholders
|
120.5
|
33.8
|
↑ 256%
|
Commenting on the Results, the MD & CEO, BSE said “We shall continue to invest in development of human resources, new products, technology infrastructure, etc., and thus pursue long term growth for our shareholders and deliver on our mission of Vibrant BSE 2025.
Business Highlights - Primary Markets
BSE platforms continue to remain the preferred choice by Indian companies to raise capital. BSE platform has enabled issuers to raise Rs. 3.46 lakh crores by means of equity and debt raising bonds, commercial papers, municipal bonds, etc. The total number of investor accounts registered with BSE now stands at 14.7 crores.
Trading Segments
The average daily turnover in equity cash segment stands at Rs. 5,922 crores compared to Rs. 4,740 crores in the corresponding quarter last year.
BSE equity derivatives volumes have picked up with the average daily turnover growing to Rs. 32.82 Lakh Crores in terms of notional turnover, as of October 2023.
The average daily turnover in currency future stands at Rs. 10,762 crores as compared to Rs. 18,490 the corresponding quarter last year.
Mutual Fund - StAR MF Platform
BSE StAR MF delivered yet another quarter of record revenues and performance, up 56% year-on-year to reach Rs. 29.35 crores.
The total number of transactions processed by BSE StAR MF grew by 63% to reach 9.6 crore transactions in Q2 FY24 from 5.9 crores in the corresponding quarter last year.
BSE’s market share stands at 89% among exchange distributed platforms. The BSE’s StAR MF has been consistently reaching new highs in terms of transactions with the platform processing a new high of 3.52 crore transaction in October 2023.
On an average, the platform processed 3.06 crore transactions per month in current financial year as compared to 2.2 crores in previous financial year.
Subsidiaries
The Board of Directors of BSE in their meeting held today have approved the fund infusion of Rs. 22.36 crores in in India International Exchange (IFSC) Limited (India INX) and Rs. 33.88 crores in India International Exchange (IFSC) Limited (India ICC) towards purchase of equity shares through subscription of rights issue, which is a reflection of BSE’s commitment to GIFT city.
On October 18, 2023, the Board of Directors of BSE had also considered and approved the investment of an amount up to Rupees Thirty Crores in BSE Investments Limited, a wholly owned Subsidiary of BSE, which will be deployed in potentially successful opportunities.
About BSE
BSE (formerly Bombay Stock Exchange), which will celebrate its 150th year anniversary in July 2024, is Asia’s oldest and the world’s fastest Stock Exchange with a speed of 6 microseconds. India’s leading exchange group, BSE has been playing a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
Media Contacts
Santanu Chakraborty
+91 22 2272 8516
santanu.chakraborty@bseindia.com