BSE Q3 results: Profit jumps nearly threefold to ₹602 cr; revenue up 62% | Company Results
Leading exchange BSE on Monday reported a nearly three-fold increase in consolidated profit at ₹602 crore for the December quarter, driven by strong growth in equity derivatives trading, listings and mutual fund transactions.
The exchange posted a profit of ₹220 crore in the corresponding period of the last financial year.
Total revenue for the quarter under review stood at a record high of ₹1,334 crore, up 61 per cent from ₹829 crore a year earlier, the BSE said in a statement.
This is also the 11th consecutive performance record for the stock market.
Additionally, operating expenses declined 4% year-on-year to ₹512 crore, further strengthening profitability. Investment and other income grew 47 per cent to ₹90 crore during the quarter.
Commenting on the results, Sundararaman Ramamurthy, Managing Director and CEO, BSE, said “the strong performance of the bourse in the third quarter is a testimony to the strength of our platforms and the confidence of the markets in the BSE.”
“With record SME listings, growing index derivatives activity and the continued success of StAR MF, we are accelerating innovation across all our businesses,” he added.
During the December quarter, BSE welcomed 99 new stock listings on its mainboard and SME platforms, together raising ₹97,657 crore. Equity derivatives activity hit a record high, with 772 crore contracts traded during the quarter, generating ₹784 crore in revenue.
Meanwhile, transactions on the BSE StAR MF platform increased by 21 per cent year-on-year to 21.7 crore, compared to 18 crore last year, helping the BSE to hold a market share of 87.4 per cent in processing mutual fund transactions.
