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Informist, Tuesday, Nov. 12, 2024

 

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--BSE Jul-Sept consol net profit INR 3.47 bln vs INR 1.21 bln year ago 
--BSE Jul-Sept consol revenue INR 7.46 bln vs INR 3.15 bln year ago 
--BSE Apr-Sept consol net profit INR 6.12 bln vs INR 5.63 bln year ago 
--BSE Apr-Sept consol revenue INR 13.54 bln vs INR 5.30 bln year ago
--BSE Jul-Sept consol operating EBITDA INR 3.89 bln vs INR 1.33 bln year ago 
--BSE Jul-Sept consol operating EBITDA INR 3.89 bln vs INR 2.84 bln qtr ago 
--BSE Jul-Sept consol transaction fee income INR 5.1 bln vs INR 4.0 bln QoQ 
--BSE Jul-Sept consol corp svcs income INR 1.20 bln vs INR 952 mln qtr ago 
--BSE Jul-Sept consol regulatory expense INR 1.13 bln vs INR 948 mln qtr ago 
 

 

By Ketan Barot

 

MUMBAI – BSE Ltd.'s consolidated net profit for Jul-Sept rose 30.8% on quarter on the back of higher revenue from operations. The exchange reported a consolidated net profit of INR 3.47 billion, higher than INR 2.65 billion in the June quarter. Consolidated revenue for the quarter was INR 7.46 billion, up 22.8% from INR 6.08 billion in the previous quarter.

 

The company's investment income in the September quarter rose 6.4% sequentially to INR 670 million, while total income was up 21.5% sequentially at INR 8.19 billion. 

 

The company's total expenditure in the September quarter was INR 3.86 billion, up 11% from INR 3.48 billion in Apr-Jun. The regulatory expenses incurred by the company during the quarter were INR 1.13 billion, up 18.9% from INR 948 million in the June quarter. BSE's clearing and settlement expenses were INR 1.01 billion, up 25% sequentially.

The other expenses incurred by the company for the September quarter were down 14.2% sequentially to INR 453 million while the employee benefit expenses remained largely flat on a sequential basis at INR 575 million.

 

In Apr-Sept, BSE's consolidated net profit was INR 6.12 billion for Apr-Sept, up 8.6% on year. Revenue from operations in Apr-Sept was INR 13.54 billion, 2.5 times higher than that in the same period a year ago.

 

Analysts and investors largely track BSE's sequential growth numbers in revenue, profitability, and net profit rather than on year growth as over the last few years, stock market trading volumes have tended to grow rapidly on a continuous basis. Further, there is no seasonality in the securities market activity.

 

On a year on year basis, BSE's consolidated net profit for Jul-Sept rose nearly three times from INR 1.21 billion in the year-ago quarter. The consolidated revenue from operations was more than two times that of INR 3.15 billion a year ago. Investment income was 41% higher on year.

 

Total expenses for Jul-Sept were 89.4% higher on year and clearing and settlement expenses were five times higher on year. The regulatory contribution for the quarter was seven times higher than last year.

 

In the September quarter, the company reported an income of INR 5.07 billion from transaction charges, up 26.7% sequentially. The income from transaction charges contributed 67.9% to the total revenue. Contributing 16% to the total revenue, the income from services to corporates was 25.5% higher sequentially at INR 1.20 billion in the September quarter.

 

BSE's treasury income on clearing and settlement funds was INR 630 million, up from INR 620 million in the previous quarter. This channel of income contributed 8.4% to the total revenue. The exchange's other operating income was INR 567 million for the September quarter, up from INR 504 million sequentially, and contributed to the remaining 7.6% of the overall pie. 

 

The company reported consolidated operating earnings before interest, taxes, depreciation, and amortisation of INR 3.89 billion, up 37% from INR 2.84 billion in the June quarter. The company reported an operating EBITDA margin of 52% in the September quarter, up from 47% in the previous quarter.

 

For the Apr-Sept period, BSE's Star mutual fund platform segment received 304 million orders, up 70% from 179 million orders received in the same period a year ago. The segment reported revenue of INR 1.07 billion, two times that of INR 532 million reported a year ago. On Tuesday, shares of BSE closed at INR 4,678.20 on the National Stock Exchange, up 1.2%.  End

 

Edited by Ashish Shirke

 

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