Media Release
BSE records Highest-Ever Quarterly Financial Performance with revenue of Rs. 674 crores, net profit of Rs. 265 crores
BSE delivered a record quarter in terms of revenues, achieving total revenues of Rs. 674 crores, registering a growth of 149% for Q1 FY25.
Consolidated Net profit attributable to the shareholders for the quarter ended June 30, 2024, stands at Rs. 265 crores
Consolidated Operating EBITDA for the June 30, 2024, up by 306% to Rs. 284 crores from Rs. 70 crores in previous year, with EBITDA margin expanding to 47% from 33%.
For Q1FY25, 7.7 billion contracts in Equity Derivatives segment were traded, generating a total revenue of Rs. 242 crores.
Total number of transactions in BSE StAR MF grew by 72% to reach 14.1 crores in Q1FY25 from 8.2 crores in Q1 FY24, with BSE maintaining a market share of 90%.
MUMBAI, August 07, 2024: BSE Ltd. announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2024.
Unaudited Consolidated Financial Results at a Glance:
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Particulars
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Q1 FY25
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Q1 FY24
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YoY Growth
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(Rs. Crore)
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(Rs. Crore)
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|
Total Revenue
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674
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271
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↑ 149%
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Revenue from Operations
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608
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216
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↑ 182%
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Less: Operating Expenses
|
324
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146
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↑ 122%
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Operating EBIDTA
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284
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70
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↑ 306%
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Operating EBIDTA Margin
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47%
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33%
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|
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Add: Other Income
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67
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56
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↑ 20%
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Less: Depreciation and Interest costs
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24
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28
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↓ 14%
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Profit before Tax and share of associates
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327
|
98
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↑ 234%
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Add: Share of Profit of Associates
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23
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12
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↑ 91%
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Less: Taxes
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85
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37
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↑ 129%
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Net Profit
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264
|
73
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↑ 264%
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Net Profit attributable to shareholders
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265
|
75
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↑ 253%
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|
Commenting on the Results, the MD & CEO, BSE said “We have finished the first quarter strongly, with every business line contributing to revenue and profitability. This reflects the strength of our proposition, the improvements we have made to our products and the depth of our relationships with customers. BSE remains steadfast in its commitment to emerge as a vibrant and innovative platform for all stakeholders.”
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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. 7.7 lakh crores by means of equity and debt, bonds, commercial papers, etc.
Trading Segments
The average daily turnover in equity cash segment for Q1 FY25 stands at Rs. 9,006 crores as compared to Rs. 4,025 crores in the corresponding quarter previous year.
On 26th July 2024, more than 54.69 crores contracts of Sensex were traded representing a notional turnover of over Rs. 432 lakh crores and a premium turnover of Rs. 24,929 crores.
On 29th July,2024, Bankex created a new record with 25 crore contracts traded, representing a notional turnover of 230 lakh crores and a premium turnover of Rs. 20,070 crores.
More than 430 members have traded BSE Derivatives representing more than 47 lakh UCCs.
BSE forayed into single stock derivatives space with effect from 1st July 2024, with a mid-month expiry or the second Thursday of the month. So far, 155 members have participated in single stock futures and 35 in single stock options.
Mutual Fund - StAR MF Platform
BSE StAR MF delivered yet another year of record revenues and performance, up 101% year-on-year to reach Rs. 48 crores. The total number of transactions processed by BSE StAR MF grew by 72% to reach 14.1 crore transactions in Q1FY25 from 8.3 crores in the corresponding quarter previous quarter. BSE’s market share stands at 90% 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 5.27 crore transaction in July 2024.
On an average, the platform processed 4.7 crore transactions per month in Q1FY25 as compared to 2.75 crores in Q1FY24.
Subsidiaries
BSE has completed the acquisition of S&P Dow Jones Indices' entire equity stake in Asia Index Private Limited, making AIPL our wholly owned subsidiary company. AIPL has announced its first index called Sensex Next 30, which monitors the performance of the largest companies from the BSE 100 that are not included in Sensex. AIPL is committed to improving and expanding its product offerings by working closely with the financial market ecosystem and other relevant stakeholders.
The BSE group directly or via subsidiaries also has its presence in other related business including India International Exchange (India INX) - BSE’s Exchange at GIFT City, BSE Ebix, The Hindustan Power Exchange (HPX), BSE E-Agricultural markets (BEAM), spot platform for trading in commodities and BSE Administration and Services Limited (BASL).
BSE is committed to these new areas and is constantly working with partners for the growth of these businesses. As we move forward, we see that there is a significant opportunity to continue to expand and evolve these businesses.
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 Contact
Santanu Chakraborty
+91 22 2272 8516
santanu.chakraborty@bseindia.com