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BSE – Q3 FY23 Results, BSE’s consolidated Total revenues grown by 12% to Rs. 245 Crs.

Feb 7th, 2023 6:55 pm | By | Category: LATEST NEWS

BSE Ltd. (BSE), Asia’s oldest and first universal exchange and World’s fastest exchange with a speed of 6 microseconds, announced its unaudited consolidated and standalone financial results for the quarter ended December 31, 2022.

Business Highlights – Primary Markets

BSE platforms remain the preferred choice by Indian companies to raise capital. In Q3 FY23, the BSE platform has enabled issuers to raise Rs. 3.9 lakh crores through issue of equity bonds, commercial papers, municipal bonds, InvITs etc.

Trading Segments

BSE’s average daily turnover in the Equity segment decreased by 11% to Rs. 4,234 crores as compared to the previous quarter.

BSE’s average daily turnover in the Equity Derivatives segment decreased by 13% to Rs. 1.97 lakh crores as compared to the previous quarter.

BSE’s average daily turnover in the Currency Derivatives segment decreased by 18% to Rs. 26,246 crores as compared to the previous quarter.

Mutual Fund – StAR MF Platform

BSE StAR MF, India’s largest Mutual Funds Distribution platform continues to grow at a remarkable pace, with total number of transactions growing by 37% to reach 6.86 crores during the quarter ended December 31, 2022, from 5.02 crores in the same period last year.

BSE StAR MF platform continues to scale new peaks in terms of transactions, with the platform processing a new high of 37.75 lakh transactions in a single day and a new monthly high of 2.44 crore transactions in December 22.

The BSE StAR MF app, launched in May 2019, to help Mutual Fund Distributors register clients on real-time basis and execute paperless transactions, has processed about 95 lakh transactions as on December 31, 2022.

BSE SME Platform & BSE Startups Platform

BSE has completed 10 years of operationalizing India’s first SME exchange. BSE’s endeavour to support the SMEs and Startups in India has seen it listing 17 companies on its SME platform during the quarter ending December 31, 2022 – taking the total companies to 410 on the SME platform, and 14 on the Startups platform. BSE’s market share in the SME segment stands at 58.5%.

India International Exchange at IFSC

BSE promoted international exchange at Gift City, Gandhinagar, India INX, reported an average daily trading turnover of USD 18 billion and a market share of 95% for the quarter ended December 31, 2022. India INX has about USD 70 Billion medium term notes established and about USD 50 Billion of bond listings till date.

India INX has enabled a Global Access platform for investors wanting to invest in global securities. The platform permits investment in more than 30,000 stocks across 33 countries and 135 exchanges across the US, Asia Pacific, and Europe. Total cumulative trading turnover at Indian INX GA stands at US$ 7,369 million for Quarter Ended December 2022.

Insurance Broking

BSE Ebix Insurance Broking, a joint venture of BSE and Ebix Fincorp Exchange, is now present in all the four key Insurance verticals – Commercial, Auto, Health and Life and is now integrated with 26 insurance companies.

BSE Ebix has over 12,853 registered Point of Sales as on December 31, 2022. The total premium collected is Rs 17.1 crore for the nine-month ended December 31, 2022, a growth of 84% from the same period last year.

Commenting on the Results, Sundararaman Ramamurthy, MD & CEO, BSE said, “Overall, BSE reported a sustained third quarter results amidst a difficult market environment. 2022 was a period of transition for the BSE, and as we embark on a new journey in the new Financial Year, I believe that a balanced business model will enable us to grow much higher. We are confident of rising to the current and future challenges and take BSE to newer heights.”

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