Media Release
BSE Records Highest-Ever Quarterly Financial Performance with revenue of Rs. 819 crores, net profit of Rs. 346 crores
- BSE delivered a record quarter, achieving total revenues of Rs. 819 crores, registering a YoY growth of 123% for Q2 FY25
- Consolidated net profit attributable to the shareholders for the quarter ended Sept 30, 2024, stands at Rs. 347 crores, a growth of 188% on a YoY basis
- Operating EBITDA for Sept 30, 2024, up by 192% to Rs. 389 crores from Rs. 133 crores in the previous year, with EBITDA margin expanding to 52% from 42%
- For Q2FY25, 9.8 billion contracts in the Equity Derivatives segment were traded, generating a total revenue of Rs. 345 crores
- Total number of transactions in BSE StAR MF grew by 68% to reach 16.28 crores in Q2FY25 from 9.67 crores in Q2 FY24
MUMBAI, November 12, 2024: BSE Ltd. announced its unaudited consolidated and standalone financial results for the quarter ended September 30, 2024.
Unaudited Consolidated Financial Results at a Glance:
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Particulars
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Q2 FY25
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Q2 FY24
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YoY Growth
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(Rs. Crore)
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(Rs. Crore)
|
|
Total Revenue
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819
|
367
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↑ 123%
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|
Revenue from Operations
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746
|
315
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↑ 137%
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Less: Operating Expenses
|
358
|
181
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↑ 97%
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Operating EBIDTA
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389
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133
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↑ 192%
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Operating EBIDTA Margin
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52%
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42%
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|
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Add: Investment & Other Income
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73
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53
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↑ 38%
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Less: Depreciation and Interest costs
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29
|
23
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↓ 29%
|
|
Profit before Tax and share of associates
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432
|
163
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↑ 165%
|
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Add: Share of Profit of Associates
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24
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19
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↑ 28%
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Less: Taxes
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111
|
64
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↑ 75%
|
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Net Profit
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346
|
118
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↑ 192%
|
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Net Profit attributable to shareholders
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347
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121
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↑ 188%
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|
Commenting on the Results, the MD & CEO, BSE said “BSE recorded its best quarter in its history, achieving its best half-year revenue and profit of Rs. 1,493 crores and Rs. 610 crores respectively. By continuously expanding our product offerings and investing in our infrastructure, we remain committed to ensuring that BSE remains at the forefront of financial markets, offering a transparent, well-regulated and highly liquid platform for companies and investors alike. We also look forward to working closely in partnership with our stakeholders and regulators, to ensure that our markets remain fit for purpose for the next generation of investors.”
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Business Highlights - Primary Market
BSE platforms continue to remain the preferred choice by Indian companies to raise capital by enabling issuers to raise Rs. 13.7 lakh crores by means of equity, debt, bonds, commercial papers, mutual funds etc.
Trading Segments
The average daily turnover in the equity cash segment for Q2 FY25 stands at Rs. 9,768 crores as compared to Rs. 5,922 crores in the same quarter last year.
The average daily premium turnover in the equity derivatives segment for Q2 FY25 stands at Rs. 8,203 crores as compared to Rs. 768 crores in the same quarter last year.
More than 450 members have traded BSE Derivatives representing around 68 lakh active clients.
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 quarter of record revenues and performance, up 100% year-on-year to reach Rs. 58.7 crores. The total number of transactions processed by BSE StAR MF grew by 68% to reach 16.28 crore transactions in Q2FY25 from 9.67 crores in the corresponding quarter previous year.
The BSE’s StAR MF has been consistently reaching new highs in terms of transactions with the platform processing a new high of 6.05 crore transaction in October 2024. On an average, the platform processed 5.06 crore transactions per month in the first half of the current financial year as compared to 3 crores last year.
Subsidiaries
Asia Index Pvt. Ltd (AIPL), a wholly owned subsidiary of BSE, launched 11 new indices in the last three months, including several innovative indices such as Business Group, Premium consumption, and internet economy, which are relevant for the asset management industry and the investors at large.
The BSE group directly or via subsidiaries also has its presence in other related businesses 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 Ltd., India’s leading exchange group, is celebrating its 150th year anniversary this year. 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 multiple asset classes including, equity, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, SME, startups and debt instruments.
Media Contact
Santanu Chakraborty
+91 22 2272 8516
santanu.chakraborty@bseindia.com