Media Release

 

Media Release

·         Consolidated Operating EBITDA for the quarter ended June 30, 2022, up by 20% to Rs. 49.8 crore from Rs. 41.3 crore in previous year

·         BSE’s operational revenues have grown by 19% to Rs. 186.9 crores for the quarter ended June 30, 2022, from Rs. 157.0 crores in the corresponding quarter previous year

·         BSE’s consolidated Total revenues has grown by 6.4% to Rs. 197.7 crores for the quarter ended June 30, 2022, from Rs. 185.7 crores in the corresponding quarter previous year

·         BSE StAR MF recorded its highest ever quarterly transactions of 5.9 crores in Q1 FY23, a growth of 68%, from 3.5 crore transactions in the same period last year

·         Hindustan Power Exchange, where BSE has a stake of 22.61% through its wholly owned subsidiary, BSE Investments, has commenced operations on July 6, 2022

 

 

MUMBAI, August 3, 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 June 30, 2022.

Q1 FY 2023 Consolidated Financial Results at a Glance

Particulars

Q1 FY23

 (Rs. Crore)

Q1 FY22

 (Rs. Crore)

YoY Growth

Revenue from Operations

186.9

157.0

↑19%

Less: Operating Expenses

137.1

115.7

↑19%

Operating EBIDTA

49.8

41.3

↑21%

Operating EBIDTA Margin

27%

26%

 

Add: Other Income

10.9

28.8

â62%

Less: Non-operating expenses

18.1

15.8

↑15%

Profit before Tax and share of associates

42.6

54.3

â22%

Add: Share of Profit of Associates

10.9

13.6

â20%

Less: Taxes

13.5

16.0

â16%

Net Profit

40.0

51.9

â23%

Net Profit attributable to shareholders

44.0

53.4

â18%

 

Business Highlights - Primary Market

 

BSE platforms remain the preferred choice by Indian companies to raise capital. In Q1 FY23, the BSE platform has enabled issuers to raise Rs. 3.1 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 crore and continues to move up. This number has more than doubled in the last 2 years. 

Trading Segments

BSE’s average daily turnover in the Equity segment decreased by 28% to ? 4,057 crores as compared to the corresponding period last year. 

BSE’s average daily turnover in the Equity Derivatives segment decreased by 62% to ? 1.2 lakh crores as compared to the corresponding period last year.

BSE’s average daily turnover in the Currency Derivatives segment increased by 4% to ? 24,567 crores as compared to the corresponding period last year

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 10 companies on its SME platform during the quarter ending June 30, 2022 – taking the total companies to 377 on the SME platform, and 14 on the Startups platform. These 377 SMEs have raised ? 4,011 crores, and the 14 Startups raised ? 61 crores via the BSE platform, with a market value of ? 47,929 crores and ? 588 crores respectively as on June 30, 2022. BSE’s market share in the SME segment stands at 60%.

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 68% to reach 5.9 crores transactions during the quarter from 3.5 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 30.46 lakh transactions on 11th July 2022, outdoing its previous best single-day record of 30.11 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 over 65 lakh transactions as on June 30, 2022. 

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 9.94 billion and a market share of 92.2% for the quarter ended June 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.

Owing to investments by certain strategic and financial investors, BSE’s stake in India INX stands at 61.93%, and 59.92% in India International Clearing Corporation, as on June 30, 2022.

India INX and India ICC hold 10% each in India International Bullion Holding IFSCA Limited - Holding Company for setting up and operationalizing the International Bullion Exchange. BSE's wholly owned subsidiary – BSE Technologies is the Technology Solutions provider for the International Bullion Exchange at GIFT City. The Indian International Bullion Exchange 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 23 insurance companies as compared to 20 in the preceding quarter.  

BSE Ebix has over 11,375 registered Point of Sales as on June 30, 2022. The total premium collected is Rs 8.1 crore for the quarter ending June 2022, a growth of 188% 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 926 Members – and executed Trades worth ? 17 crores in agri and steel segments on the platform during the quarter ended 30 June 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) on July 06, 2022. Subsequently, 3 new market segments - Day Ahead Market (DAM), Real-Time Market (RTM), & Green Day-Ahead Market (G-DAM), have been launched. As on August 1, 2022, the cumulative traded volume since launch stands at about 235 MUs with an average market share of over 20% in the Contingency 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