Media Release
BSE Q1FY18 Results
BSE posts Highest Ever Consolidated Net Profit of Rs 523.70 crore up by 1098% from Rs 43.70 crore in Q1FY17
Consolidated Earnings Per Share (non-annualized) on Total Operations up by 1098% to Rs 95.94 from Rs 8.01 in Q1FY17
Revenue from Operations (Consolidated) up by 26% to Rs 102.64 crore from Rs 81.21 crore in Q1FY17
EBITDA (Consolidated) up by 16% to Rs 71.61 crore from Rs 61.76 crore in Q1FY17
MUMBAI, August 3, 2017 : BSE Ltd. (BSE), Asia’s oldest and World’s fastest exchange with a speed of 6 microseconds, announced its unaudited consolidated financial results for the first quarter ended June 30, 2017.
Financial Highlights for Quarter Ended June 30, 2017
Total Operations
· Net Profit increased by 1098% to Rs 523.70 crore from Rs 43.70 crore in Q1FY17.
· Earnings Per Share (non-annualized) on Total Operations increased by 1098% to Rs 95.94 from Rs 8.01 in Q1FY17.
Continuing Operations
· Total Income increased by 11% to Rs 158.38 crore from Rs 142.73 crore in Q1FY17.
· Revenue from Operations up by 26% to Rs 102.64 crore from Rs 81.21 crore in Q1FY17
· EBITDA up by 16% to Rs 71.61 crore from Rs 61.76 crore in Q1FY17
· Net Profit from continuing operation up by 44% to Rs 49.73 crore from Rs 34.55 crore in Q1FY17
· Earnings Per Share (non-annualized) on Continuing Operations (after exceptional items) up by 44% to Rs 9.11 from Rs 6.33 in Q1FY17.
Business Highlights for Quarter Ended June 30, 2017
· Equity Cash Segment average daily turnover up by 51% to Rs 4133 crore from Rs 2,732 crore in Q1FY17
· Currency Derivative Segment average daily turnover up by 15% to Rs 18,147 crore from Rs 15,757 crore in Q1FY17
· Average daily turnover in India International Exchange (IFSC) Ltd., BSE’s wholly owned subsidiary at GIFT City, Gandhinagar, for July 2017 is USD 57 million, growing at Monthly Compounded Growth Rate of 96% since commencement of operations in January 2017.
· 155% growth in the average monthly number of order processed in Mutual Fund Segment to 9.2 Lakh orders from 3.6 Lakh in Q1FY17
Commenting on Q1 performance MD& CEO, Shri Ashishkumar Chauhan said: “Regulatory compliance is and would remain top most priority for BSE in times to come, to maintain public trust in the markets as well as trust of regulators. BSE continues to provide a fair, efficient, transparent & orderly securities market. BSE aims to grow both organically and inorganically. It is heartening to note that quite a few initiatives seeded in earlier years are showing good growth and potential for increasing stakeholder valuation. Our International Exchange continues to get attraction from investors and we are focused on achieving the target of enabling Indian firms to compete on equal footing with offshore firms. As a strategy, BSE strives to obtain leadership position in newer opportunities while consolidating and improving its market share in areas where it is at a competitive disadvantage. Our consistent growth in our operational growth over past few years bears testimony to the success of the business strategy being implemented by us.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now 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 and the first stock exchange to be listed in India, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. 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 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
022 2272 8516
Yatin.padia@bseindia.com