- BSE’s operational revenues have grown by 15% to Rs 215.6 crores from Rs 186.9 crores in the corresponding quarter of previous year
- The operating EBITDA for Q1 FY24 stands at Rs 70 crores up from Rs. 49.8 crores in the corresponding quarter of previous year with operating EBITDA margin increasing to 33% in Q1 FY24 from 27% in Q1 FY23
- The net profit attributable to shareholders of the company for the quarter excluding exceptional item stands at Rs 75.1 crores, up 71% YoY basis
- The BSE Equity Derivatives segment processed a record of 6.73 crore contracts, representing a notional turnover of Rs 44.2 lakh crores in a single day, on 4 August 2023.
- Total number of transactions in BSE StAR MF grew by 39% to reach 8.3 crores transactions during Q1 FY24 from 5.9 crores in Q1 FY23, with BSE continuing a market share of 88%.
- The Board of Directors, in its meeting held on July 6, 2023, had approved the share buyback of 45.9 lakh equity shares, representing 3.39 percent of the total number of equity shares at Rs 816 apiece, for a total consideration of Rs 374 crore
NE BUSINESS BUREAU
MUMBAI, AUG 9
BSE Ltd, the leading stock exchange, on Wednesday reported a 37 percent jump in total revenue at Rs 271.2 crore for the quarter ended June 30, 2023 from Rs 197.7 crore in the corresponding quarter of the previous year, BSE said in a statement.
The exchange posted a 71 percent jump in net profit at Rs 75.1 crore for the quarter ended June 30, 2023. The exchange had posted a net profit of Rs 44 crore in the same period of the preceding fiscal.
BSE’s average daily turnover in the equity cash segment stood at Rs 4,025 crore in the June quarter, marginally down from Rs 4,057 crore in the year-ago period.
The average daily turnover in currency futures was Rs 13,800 crore in the quarter under review, down 20 per cent from the year-ago period.
The exchange’s relaunched Sensex and Bankex derivatives registered an average daily turnover of Rs 62,307 crore between May 15 and June 30.
During the June quarter, the BSE platform has enabled issuers to raise Rs 4.4 lakh crore through the issue of equity bonds, commercial papers, municipal bonds, and Infrastructure Investment Trusts (InvITs), among others. The total number of investor accounts registered with BSE now stands at 13. 5 crores.
The exchange’s mutual fund distribution platform – BSE StAR MF – processed 8.3 crore transactions in the April-June period, 39 per cent higher than the 5.9 crore transactions processed in the year-ago period.
| Particulars | Q1 FY24 | Q1 FY23 | YoY Growth |
| (Rs. Crore) | (Rs. Crore) | ||
| Total Revenue | 271.2 | 197.7 | ↑ 37% |
| Revenue from Operations | 215.6 | 186.9 | ↑ 15% |
| Less: Operating Expenses | 145.6 | 137.1 | ↑ 6% |
| Operating EBIDTA | 70.0 | 49.8 | ↑ 4 % |
| Operating EBIDTA Margin | 33% | 27% | |
| Add: Other Income | 55.6 | 10.8 | ↑ 415% |
| Less: Non-operating expenses | 27.9 | 18 | ↑ 55% |
| Profit before Tax and share of associates | 97.7 | 42.6 | ↑ 129% |
| Add: Share of Profit of Associates | 11.9 | 10.9 | ↑ 9% |
| Less: Taxes excluding tax on exceptional item | 37.1 | 13.5 | ↑ 175% |
| Net Profit excluding exceptional item (net of tax) | 72.6 | 40 | ↑ 82% |
| Net Profit attributable to shareholders excluding exceptional item (net of tax) | 75.1 | 44 | ↑ 71% |
BSE’s market share stands at 88% among exchange distributed platforms. The BSE Star MF has been consistently reaching new highs in terms of transactions in the platform, processing a new high of 3.05 crore transactions in July 2023.
On an average, the platform process over 2.76 crores transactions per month in Q1 FY24 as compared to 1.98 crores in Q1 FY23. This demonstrates the scalability and reliability of BSE’s platform Star MF.
Commenting on the results, Sundararaman Ramamurthy, MD & CEO, BSE said “Overall, we have made good progress in maximizing the potential of our people, technology, and products – these are critical enablers for the strategy we launched in January 2023. We remain committed to creating higher, more sustainable contribution for all stakeholders and driving revenue growth and diversification across all our business areas. We shall continue to work hard to deliver on our mission of Vibrant BSE 2025”
