Media Release
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BSE attains its highest quarterly revenue ever at Rs. 431.5 crores for Q3 FY24 as compared to Rs. 245 crores in Q3 FY23, a growth of 76%
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BSE's operational revenues for the quarter have grown by 82% to Rs. 371.6 crores from Rs. 204 crores in the corresponding quarter of previous year
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The operating EBITDA for Q3 FY24 stands at Rs. 91.9 crores up from Rs. 39 crores in the corresponding quarter of previous year with operating EBITDA margin increasing to 25% in Q3 FY24 from 19% in Q3 FY23
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The net profit attributable to shareholders of the company for the quarter stands at Rs. 108.2 crores, up 110% YoY basis The total number of transactions in BSE StAR MF grew by 60% to reach 10.9 crore in Q3 FY24 from 6.86 crores in the corresponding quarter last year with BSE continuing a market share of 89%
MUMBAI, February 05, 2024: BSE Ltd. announced its unaudited consolidated and standalone financial results for the quarter ended December 31, 2023.
Unaudited Consolidated Financial Results at a Glance:
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Particulars
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Q3 FY24
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Q3 FY23
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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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431.5
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245.0
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↑ 76%
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Revenue from Operations
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371.6
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204.0
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↑ 82%
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Less: Operating Expenses
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279.8
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165.0
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↑ 70%
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Operating EBIDTA
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91.9
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39.0
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↑ 136%
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Operating EBIDTA Margin
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25%
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19%
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Add: Other Income
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59.8
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41.0
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↑ 46%
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Less: Depreciation and Interest costs
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24.9
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23.5
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↑ 6%
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Profit before Tax and share of associates
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126.8
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56.5
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↑ 124%
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Add: Share of Profit of Associates
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16.5
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14.1
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↑ 17%
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Less: Taxes
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37.1
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23.0
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↑ 61%
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Net Profit
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106.3
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47.6
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↑ 123%
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Net Profit attributable to shareholders
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108.2
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51.6
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↑ 110%
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Commenting on the results, the MD & CEO, BSE said “2023 has been crucial in laying the foundations for the future growth of BSE. Our efforts are fully on to have a strategic plan in place to complete our presence across the integrated value chain, allowing us to innovate and shape capital markets in line with evolving client needs, and making BSE even stronger to deliver future growth.”
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. 4.12 lakh crores by means of equity and debt, bonds, commercial papers, etc.
Trading Segments
The average daily turnover in equity cash segment stands at Rs. 6,643 crores compared to Rs. 4,243 crores in the corresponding quarter last year.
BSE equity derivatives volumes have picked up with the average daily turnover growing to Rs. 71.14 Lakh Crores in terms of notional turnover, as of December 2023.
The average daily turnover in currency future stands at Rs. 5,558 crores as compared to Rs. 20,937 crores in the corresponding quarter last year.
Mutual Fund - StAR MF Platform
BSE StAR MF delivered yet another quarter of record revenues and performance, up 55% year-on-year to reach Rs. 32.84 crores.
The total number of transactions processed by BSE StAR MF grew by 60% to reach 10.99 crore transactions in Q3 FY24 from 6.86 crores in the corresponding quarter last year. BSE’s market share stands at 89.5% 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 4.34 crore transactions in January 2024.
On an average, the platform processed 3.2 crore transactions per month in current financial year as compared to 2.2 crores in previous financial year.
Subsidiaries
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, insurance distribution platform with Ebix Inc, The Hindustan Power Exchange (HPX) in association with PTC India and ICICI Bank, BSE E-Agricultural markets (BEAM), spot platform for trading in commodities and BSE Administration and Services Limited (BASL).
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised 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