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BSE Q2 Results: Net profits surges four-fold to Rs 118.41 crore

The stock exchange’s revenue rose 59.06 percent YoY to Rs 314.51 crore from Rs 197.72 crore in the previous year.

November 10, 2023 / 18:11 IST
BSE's EBITDA margin increased to 45 percent from 7 percent in the previous September quarter.
     
     
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    Bombay Stock Exchange (BSE) announced a net profit of Rs 118.41 crore for the quarter ended in September, more than a four-fold rise from the previous year when its net profit was at Rs 29.39 crore.

    The stock exchange’s revenue rose 59.06 percent YoY to Rs 314.51 crore from Rs 197.72 crore in the previous year.

    BSE’s operating EBITDA grew to Rs 141.7 crore from Rs 13.4 crore from previous year. The exchange’s operating EBITDA margin increased to 45 percent from 7 percent in the previous September quarter.
    The exchange’s expenses were flat compared to previous year as it was at Rs 204.03 crore in this quarter compared to Rs 203.94 crore in September FY23. Expenses remained flat due to a fall in regulatory and clearing expenses which came at Rs 35.8 crore compared to Rs 63.7 crore in the previous year.

    BSE is rapidly gaining market share in derivatives since it brought back the weekly index options for the Sensex and the Bankex in May that are now dominating almost all of the BSE derivatives trading. These financial derivatives allow investors to trade options contracts with weekly expiration, instead of the standard monthly options.

    In September, BSE's equity derivatives market share reached 7.4 percent from zero in May. The expiry day market share is even higher and growing at 11 percent without any liquidity enhancement scheme. Average Daily turnover per option contract increased to Rs 26 lakh crore by September 2023. The average daily turnover reached to 3.98 contracts in September 2023.

    The bourse also introduced options on futures for precious metals and energy (WTI and Brent crude) and futures contracts for base metals (copper, zinc, aluminum) on October 9.

    Shares of BSE had surged 3.34 percent ahead of the result announcement. The stock closed at Rs 2,029 at close on November 10.

     

    Moneycontrol News
    first published: Nov 10, 2023 05:16 pm

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