Bombay Stock Exchange reports impressive Q3 performance

Bombay Stock Exchange average everyday turnover for the F&O part more than doubled to Rs 71 lakh crore in December from Rs 35 lakh crore in November.

Financial Highlights:

The Bombay Stock Exchange (BSE) has unveiled robust financial results for the quarter ending in December, posting a remarkable net profit of Rs 106.27 crore. 

This reflects an impressive surge of 123.25% compared to the corresponding quarter in the previous year when the net profit stood at Rs 47.6 crore. The surge in performance is attributed to a substantial increase in transactional charges within the exchange.

Revenue and EBITDA Soar:

BSE’s revenue witnessed a notable 82.51% increase, reaching Rs 371.53 crore compared to Rs 204 crore in the previous year. 

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Furthermore, the Exchange’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) experienced significant growth, soaring from Rs 39 crore in the corresponding quarter of the previous fiscal year to Rs 92 crore.

Transactional Charges Boost:

The stellar performance is largely driven by a remarkable 163.07% YoY surge in transaction charges, reaching Rs 166 crore during the quarter. This spike in transaction charges has significantly contributed to BSE’s financial success for the period.

Segment-wise Growth:

BSE’s Average Daily Turnover (ADTV) for the Futures and Options (F&O) segment witnessed impressive growth, more than doubling from Rs 35 lakh crore in November to Rs 71 lakh crore in December. 

The Average Daily Turnover Volume also exhibited a substantial increase, reaching 9.95 crore in December, compared to 5.35 crore in November.

Market Share Expansion:

BSE has been successful in enhancing its market share in the F&O segment, notably since the reintroduction of weekly index options for the Sensex and the Bankex in May. 

This strategic move has proven beneficial, with BSE’s shares experiencing a significant uptrend, gaining almost 200% in the last six months.

Positive Market Response:

The market responded positively to BSE’s impressive financial results, with the stock surging 4.24% ahead of the official announcement. BSE’s shares closed at Rs 2,569.5 on NSE, reflecting investor confidence in the Exchange’s strong performance and growth trajectory.