Media Release
· BSE’s consolidated Total revenues has grown by 6% to Rs. 239.8 crores for the quarter ended September 30, 2022, from Rs. 225.8 crores in the corresponding quarter of previous year
· BSE’s operational revenues have grown by 5% to Rs. 197.7 crores for the quarter ended September 30, 2022, from Rs. 188.8 crores in the corresponding quarter of previous year
· Consolidated EBITDA for the quarter ended September 30, 2022, down by 38% to Rs. 55.5 crores from Rs. 90.2 crores in previous year
· BSE has expanded its platform offerings to launch Electronic Gold Receipts and KYC KRA to service the Indian capital markets and the economy
· BSE StAR MF platform recorded its highest ever monthly transactions of 2.08 crores in September 2022, a growth of 39%, from the same period last year
MUMBAI, November 7, 2022: 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 September 30, 2022.
Q2 FY 2023 Consolidated Financial Results at a Glance
|
Particulars
|
Q2 FY23
(Rs. Crore)
|
Q2 FY22
(Rs. Crore)
|
YoY Growth
|
|
Revenue from Operations
|
197.7
|
188.8
|
↑5%
|
|
Less: Operating Expenses
|
184.3
|
135.6
|
↑36%
|
|
Of which: Contribution to Core SGF
|
36.3
|
6.2
|
↑485%
|
|
Operating EBIDTA
|
13.4
|
53.2
|
â75%
|
|
Operating EBIDTA Margin
|
7%
|
28%
|
|
|
Add: Other Income
|
42.1
|
37.1
|
↑14%
|
|
Less: Non-operating expenses
|
19.6
|
16.9
|
↑16%
|
|
Profit before Tax and share of associates
|
35.9
|
73.4
|
â51%
|
|
Add: Share of Profit of Associates
|
15.0
|
17.6
|
â15%
|
|
Less: Taxes
|
21.5
|
28.0
|
â23%
|
|
Net Profit
|
29.4
|
63.0
|
â53%
|
|
Net Profit attributable to shareholders
|
33.8
|
65.1
|
â48%
|
Business Highlights - Primary Markets
BSE platforms remain the preferred choice by Indian companies to raise capital. In Q2 FY23, the BSE platform has enabled issuers to raise Rs. 3.7 lakh crores through issue of equity bonds, commercial papers, municipal bonds, InvITs etc.
The total number of investor accounts registered with BSE now stands at over 11.7 crores.
Trading Segments
BSE’s average daily turnover in the Equity segment increased by 17% to Rs. 4,740 crores as compared to the previous quarter.
BSE’s average daily turnover in the Equity Derivatives segment increased by 88% to Rs. 2.26 lakh crores as compared to the previous quarter.
BSE’s average daily turnover in the Currency Derivatives segment increased by 31% to Rs. 32,161 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 39% to reach 5.91 crores during the quarter ended September 30, 2022, from 4.3 crores in the same period last year.
BSE StAR MF platform continues to scale new peaks in terms of single day transactions, with the platform processing a high of 34.29 lakh transactions on 10th October 2022, outdoing its previous best single-day record of 32.48 lakh transactions.
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 82 lakh transactions as on September 30, 2022.
Electronic Gold Receipts (EGR)
BSE became India’s first exchange to successfully launch Electronic Gold Receipts (EGR) after receiving final approval from SEBI. A total of four new products based on EGR, consisting of delivery units of 10 grams and 100 grams of 995 and 999 grade were made available to trade during the Muhurat trading session on 24th October 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 SME’s and Start-up’s in India has seen it listing 16 companies on its SME platform during the quarter ending September 30, 2022 – taking the total companies to 393 on the SME platform, and 14 on the Startups platform. BSE’s market share in the SME segment stands at 60%.
India International Exchange at IFSC
BSE promoted international exchange at Gift City, Gandhinagar, India INX has been growing exponentially ever since it commenced trading activities on January 16, 2017, with average daily trading turnover of USD 14.7 billion and a market share of 92.1% for the quarter ended September 30, 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 trading turnover at Indian INX GA has grown significantly to reach US$ 441 million for September 2022.
There has been no change in BSE’s stake in India INX, which stands at 61.93%, and 59.92% in India International Clearing Corporation, as on September 30, 2022. India INX and India ICC hold 10% each in India International Bullion Holding IFSCA Limited - Holding Company of the International Bullion Exchange, which was launched by the Hon’ble Prime Minister, Shri Narendra Modi, on July 29, 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 as compared to 23 in the preceding quarter.
BSE Ebix has over 11,573 registered Point of Sales as on September 30, 2022. The total premium collected is Rs 13.2 crore for the half year ended September 2022, a growth of 78% from the same period last year.
BSE holds equity stake of 40% through its subsidiary, BSE Investments Limited.
BSE E-Agricultural Markets
BSE remains fully committed in expanding the BSE E-Agricultural Markets Ltd. (“BEAM’) platform, a JV between BSE Investments and Frontier Agriculture Platforms, to setup a nationwide, electronic, institutionalized, spot trading platform to facilitate spot transactions in both agri and non-agri commodities. The platform has enrolled 1,121 Members – and executed Trades worth ? 11.1 crores in agri and steel segments on the platform during the quarter ended 30 September 2022. The company is working closely with the Government and Government Enterprises to enhance the efficiency of procurement and sales of the commodities.
Power Exchange
Hindustan Power Exchange, where BSE has a stake of 22.61% through its wholly owned subsidiary, BSE Investments, has commenced operations with Contingency Market segments (Intra Day & Day Ahead Contingency), Day Ahead Market (DAM), Real-Time Market (RTM), and Green Day-Ahead Market (G-DAM).
KYC KRA
BSE technologies Ltd., a wholly owned subsidiary of BSE, launched KYC Registration Agency (KRA) 27 October 2022. A KYC registration agency is a Sebi-regulated intermediary that grants the market participants authorization for investors' KYC, which is mandatory for investment in the securities market.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market, and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE and other exchanges trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
Media Contact
Yatin Padia
22 2272 8516
yatin.padia@bseindia.com