Media Release
- BSE declares a Final Dividend of Rs 12 per equity share having face value of Rs 2 each for FY 2022-23.
- BSE delivered a record year in terms of revenues, achieving total revenues of Rs. 954 crores, registering a growth of 10% for FY2023.
- Consolidated Net profit attributable to the shareholders for the year ended March 31, 2023, stands at Rs. 221 crores.
- Consolidated Operating EBITDA for the quarter ended March 31, 2023, up by 144% to Rs. 95 crores from Rs. 39 crores in previous quarter, with EBITDA margin expanding to 42% from 19%.
- Total number of transactions in BSE StAR MF grew by 43% to reach 26.5 crores transactions during FY 2023 from 18.5 crores last year, with BSE continuing a market share of 87%.
MUMBAI, May 11, 2023: BSE Ltd. announced its audited consolidated and standalone financial results for the quarter and year ended March 31, 2023.
Audited Consolidated Financial Results at a Glance:
|
Particulars
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FY23
|
FY22
|
YoY Growth
|
|
(Rs. Crore)
|
(Rs. Crore)
|
|
Total Revenue
|
953.94
|
863.53
|
↑ 10%
|
|
Revenue from Operations
|
815.53
|
743.15
|
↑ 10%
|
|
Less: Operating Expenses
|
618.09
|
530.01
|
↑ 17%
|
|
Operating EBIDTA
|
197.44
|
213.14
|
↓ 7%
|
|
Operating EBIDTA Margin
|
24%
|
29%
|
|
|
Add: Other Income
|
138.41
|
120.38
|
↑ 15%
|
|
Less: Non-operating expenses
|
87.82
|
70.44
|
↑ 25%
|
|
Profit before Tax and share of associates
|
248.03
|
263.08
|
↓ 6%
|
|
Add: Share of Profit of Associates
|
49.23
|
64.18
|
↓ 23%
|
|
Less: Taxes
|
91.61
|
82.33
|
↑ 11%
|
|
Net Profit
|
205.65
|
244.93
|
↓ 16%
|
|
Net Profit attributable to shareholders
|
220.67
|
254.33
|
↓ 13%
|
Business Highlights - Primary Markets
Funds raising by India Inc continues to be buoyant and BSE platforms continue to remain as one of the preferred choice by Indian companies to raise capital. In FY 2023, the BSE platform has enabled issuers to raise ? 14.4 lakh crores through issue of equity bonds, commercial papers, municipal bonds, InvITs etc.
The total number of investor accounts registered with BSE now stands 13.05 crores, from 10.15 crores in the previous year, registering a growth of 29%.
Trading Segments
The average daily turnover in Equity Cash segment stands at Rs. 4,132 crores, down 23% as compared to last year, which is in line with the market.
The average daily turnover in the Equity Derivative segment stands at Rs. 1.38 lakh crores, down 48% as compared to the last year.
The average daily turnover in the Currency Futures stands at Rs. 18,569 crores, registering a growth of 50% as compared to the last year.
The average daily turnover in the Currency Options stands at Rs. 7,030 crores, down 51% as compared to the last year.
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 43% to reach 26.5 crores transactions during FY 2023 from 18.5 crores last year. BSE’s market-share stands at 87% percent among exchange distributed platforms. For the quarter ending March 2023, the BSE StAR platform registered 7.73 crore transactions as compared to 5.65 crore transactions in the same period last year, registering a growth of 27%.
BSE StAR MF platform continues to scale new peaks in terms of single day transactions, with the platform processing a high of 52.3 lakh transactions on 10th April 2023, outdoing its previous best single-day record of 37.75 lakh transactions on 12th December 2022. This demonstrates the scalability and reliability of the platform.
The BSE StAR MF mobile app, launched in May 2019, to help Mutual Fund Distributors register clients on real-time basis and execute paperless transactions, has processed over 1.04 crore transactions as of March 2023.
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 16th January 2017, with average daily trading turnover of USD 13.06 billion and a market share of 92% for the year ended March 31, 2023. India INX has more than USD 70+ Billion medium term notes established and over 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$ 27.11 billion for FY 2023.
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 13,660 registered Point of Sales as of March 2023. The total premium collected is Rs 24.3 crore for the year ending March 2023, a growth of 103% over the last year.
BSE holds equity stake of 40% through its subsidiary BSE Investments Limited.
Commenting on the Results, the MD & CEO, BSE said “FY 2023 was a challenging but pivotal year for BSE. We made important progress regarding our priorities and have taken significant steps to improve our product profile. As we move forward, there is a significant opportunity to continue to expand and evolve the products and services within our core business. BSE is well focused on doing this in a way that helps BSE as well as the market participants, and this will stay our theme for the years to come.”
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, 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 :
Santanu Chakraborty
22 2272 8516
santanu.chakraborty@bseindia.com