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.

MUMBAI, August 09, 2023:BSE Ltd. announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2023.

Unaudited Consolidated Financial Results at a Glance:

Business Highlights - Primary Markets

Fund raising by India continues to be buoyant and BSE platforms continue to remain as well as the preferred choice by Indian companies to raise capital. In Q1 FY 24, the BSE platform has enabled issuers to raise Rs. 4.39 lakh crores to issue of equity bonds, commercial papers, municipal bonds, InvITs, etc. The total number of investor accounts registered with BSE now stands at 13. 5 crores.

Trading Segments

The average daily turnover in equity cash segment stands at Rs. 4,025 crores, similar to the Rs. 4,057 crores in the corresponding quarter last year.
BSE’s relaunched Sensex and Bankex derivatives registered an average daily turnover of Rs. 62,307 crores in the period May 15 to June 30, 2023.
The average daily turnover in currency futures stands at Rs. 13,800 crores, decline of 20% as compared to the corresponding quarter last year.

Mutual Fund - StAR MF Platform

BSE Star MF, a comprehensive platform, continues to generate compounding revenue growth and delivered another quarter of record revenues and performance, up 59% year-on-year to reach Rs. 23.8 crores.
The total number of transactions processed by BSE Star MF grew by 39% to reach 8.3 crores transactions in Q1 FY24 from 5.9 crores corresponding quarter last year. 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.

Subsidiaries

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 - insurance distribution platform with EBIX, the Hindustan Power Exchange (HPX) in association with PTC India and ICICI Bank, BSE E-Agricultural Markets (BEAM) - Spot Platform and BSE Administration and Services Ltd (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.

Commenting on the Results, the 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”