BSE Ltd Q3 Results FY2024, Net profit at Rs.106.27crores

On 5th February, BSE Ltd announced its quarterly results.

Key Highlights:

- BSE achieves its biggest quarterly revenue ever with a 76% increase from Rs. 245 crores in Q3 FY23 to Rs. 431.5 crores in Q3 FY24, 
- Compared to the same quarter last year, when BSE's operational revenues were Rs. 204 crores, they increased by 82% to Rs. 371.6 crores this quarter.
- Operating EBITDA margin increased to 25% in Q3 FY24 from 19% in Q3 FY23. Operating EBITDA for Q3 FY24 is Rs. 91.9 crores, up from Rs. 39 crores in the corresponding period of the previous year.
- For the quarter, the net profit is Rs. 106.27 crores.

Business Highlights:

- Indian companies continue to use BSE platforms when seeking to obtain funding. Issuers are now able to raise Rs. 4.12 lakh crores through bonds, commercial papers, equity and debt, and other channels thanks to the BSE platform.
- In the equities cash section, the average daily turnover is currently Rs. 6,643 crores, up from Rs. 4,243 crores in the same quarter previous year.
- As of December 2023, the average daily turnover of BSE equity futures has increased to Rs. 71.14 Lakh Crores in terms of notional turnover, indicating a rise in volume.
- In the currency futures market, the average daily turnover is currently Rs. 5,558 crores, down from Rs. 20,937 crores in the same quarter last year.
- In Q3 FY24, BSE StAR MF completed 10.99 crore transactions, up from 6.86 crore in the same period the previous year. This is a 60% increase in total transactions processed. Among exchange-distributed platforms, BSE has an 89.5% market share. In the current fiscal year, the platform completed 3.2 crore transactions monthly on average, up from 2.2 crores in the previous fiscal year.

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.”