(THE NEWSMAN OF INDIA.COM)
MUMBAI, February 06, 2025 — BSE Ltd. has reported exceptional financial performance for the quarter ending December 31, 2024, recording its highest-ever quarterly revenue of Rs. 835.4 crores, a remarkable year-on-year growth of 94%. The impressive growth underscores the strong momentum and resilience of the exchange in a dynamic market environment.

The consolidated net profit attributable to the shareholders for Q3 FY25 reached Rs. 219.7 crores, reflecting a robust 103% increase over the corresponding period last year. This substantial profit growth further highlights BSE’s effective strategies and operational efficiencies.

BSE’s operating EBITDA saw a stellar increase of 111%, rising to Rs. 236.5 crores from Rs. 91.9 crores in Q3 FY24, with the EBITDA margin expanding to 31% from 25% in the previous year. This growth trajectory signals BSE’s strategic focus on enhancing operational performance and expanding margins.

In the equity derivatives segment, BSE recorded a remarkable 793 crore contracts traded, generating total revenue of Rs. 353 crores for Q3 FY25. This surge in trading activity in the derivatives market reflects the growing confidence of investors and the broader market in BSE’s offerings.

Additionally, BSE’s StAR Mutual Fund platform experienced a significant surge, with transaction volumes increasing by 64% year-on-year, reaching 18 crores in Q3 FY25 compared to 11 crores in Q3 FY24. This growth further emphasizes BSE’s dominant position in the mutual fund distribution market and its expanding role in India’s growing financial ecosystem.

In another milestone, India INX, a wholly-owned subsidiary of BSE located at the GIFT City, launched Sensex Derivatives contracts on February 3, 2025. This move is expected to further strengthen India INX’s position in global financial markets and offer new avenues for investors to participate in the performance of India’s benchmark index.

Commenting on the results, a BSE spokesperson said, “We are pleased to deliver a record quarter with significant growth across key segments. Our continued focus on enhancing technology, expanding product offerings, and providing unparalleled services to our stakeholders is driving our success. We remain committed to contributing to the growth of the Indian capital markets and maintaining our leadership position.”

BSE’s stellar performance in Q3 FY25 is a testament to the exchange’s operational excellence, strategic initiatives, and its role as a leading financial market infrastructure provider in India. With a strong foundation and innovative offerings, BSE is well-positioned to continue its growth trajectory and capitalize on emerging opportunities in the Indian and global financial markets.

Commenting on the Results, the MD & CEO, BSE said “Throughout 2024, BSE demonstrated focus and resilience, amidst challenges on the business and regulatory front, by introducing new products and market enhancements, and expanding our strategic footprint. Whilst the road ahead will not be without challenges, we are optimistic about 2025 and we look forward to executing on our vision to lead and shape the development of the India’s capital markets, and be the preferred marketplace for the customers”

Business Highlights – Primary Markets

BSE platforms continue to remain the preferred choice by Indian companies to raise capital by enabling issuers to raise Rs. 20.9 lakh crores by means of equity, debt, bonds, commercial papers, mutual funds etc in the first nine months of FY25. In Q3 FY25, BSE welcomed 30 new listings, raising Rs 95,512 crores, up 261% on a YoY basis. The IPO market continues to show signs of growth, and the IPO pipeline remained healthy.

Trading Segments

The exchange saw average daily turnover of Rs. 6,800 crores for the quarter as compared to Rs. 6,643 crores in the same quarter last year.

The BSE Derivatives segment sustained its growth trajectory in the quarter with highest ever average daily premium turnover of Rs. 8,758 crores for the quarter as compared to Rs. 2,550 crores in the same quarter last year.

BSE forayed into single stock derivatives space with effect from 1st July 2024, with a mid-month expiry or the second Thursday of the month. So far, 174 members have participated in single stock futures and 139 in single stock options. The Total turnover since relaunch is Rs. 564 crores in futures & Rs. 498 crores in Options.

BSE has changed the expiry day of its Sensex and Bankex contracts from Friday and Monday respectively to Tuesday, with effect from Jan 4, 2025. While Sensex contracts continue to remain liquid, BSE is committed to rebuilding liquidity in its Bankex contracts.

Mutual Fund – StAR MF Platform

BSE StAR MF delivered yet another quarter of record revenues and performance, up 92% year-on-year to reach Rs. 63.5 crores. The total number of transactions processed by BSE StAR MF grew by 39% to reach 17.99 crore transactions in Q3FY25 from 10.99 crores in the corresponding quarter previous year.

On an average, the platform processed 5.37 crore transactions per month in the current financial year as compared to 3.21 crores last year.

The platform also processed a new high of 6.15 crore transactions in December 2024. Given the growth, we are continuously investing in StAR MF to improve it in terms of scalability, functionality, and order processing.

Subsidiaries

Asia Index Private Limited or AIPL, BSE’s Index company continues to launch innovative indices which are very relevant for the asset management industry and the investors at large.

India INX, BSE’s subsidiary exchange at GIFT city, continues to expand its product offerings with the launch of Sensex contracts on Feb 3, 2025.