BSE Q3 Results: Profit Soars 104% to Rs 220 Cr, Revenue Jumps

BSE Q3 Results: Profit Soars 104% to Rs 220 Crore, Revenue Jumps 108%

BSE, India's oldest exchange, has reported impressive third-quarter results, with its net profit soaring 104% year-on-year (YoY) to Rs 220 crore. The company's revenue from operations also witnessed substantial growth, jumping 108% YoY to Rs 773 crore.

Key Financial Highlights

Here's a summary of BSE's key financial performance indicators for Q3:

• Net Profit: Soared by 104% YoY, reaching Rs 220 crore.
• Revenue from Operations: Jumped by 108% YoY, reaching Rs 773 crore.
• Profit Before Tax and Exceptional Items: More than doubled, reaching Rs 268 crore compared to Rs 127 crore in the same quarter last year.

Operational Performance

The strong financial performance was supported by growth in various operational areas:

• Transaction Charges: Increased significantly by 157% YoY, reaching Rs 511 crore, driven by higher market activity levels and household savings and investments.
• Treasury Income: Remained stable at Rs 48.5 crore, marginally higher than Rs 46.9 crore in the year-ago quarter.
• Investment Income: Increased to Rs 58.2 crore, compared to Rs 54.6 crore in the third quarter of last year.
• Operating EBITDA: (including core SGF) more than doubled to Rs 236 crore, with EBITDA margins improving to 31%.

Strategic Focus

BSE has emphasized its focus on increasing market share across all segments, leveraging the growing market with an increasing number of registered investors and turnover. The company aims to capitalize on rising disposable household incomes and a preference for financial savings by focusing on innovation and launching unique products across segments.

On Thursday, BSE shares closed 4.6% lower at Rs 5562 on the NSE.

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Categories: BSE Q3 results, financial performance, stock exchange