Media Release
BSE’s Half Yearly Consolidated Revenue from Operations up by 24% to Rs. 213.39 crore, Consolidated Earnings per shares (non-annualized) at Rs. 108.18 per equity share
MUMBAI, November 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 second quarter and half-year ended September 30, 2017.
Financial Highlights at a Glance:
|
Particulars
|
Q2 FY18 (Rs. crores)
|
Q2 FY17 (Rs. crores)
|
YoY Growth
|
H1 FY18 (Rs. crores)
|
H1 FY17 (Rs. crores)
|
YoY Growth
|
|
Revenue from Operations
|
110.75
|
90.90
|
↑ 22%
|
213.39
|
172.11
|
↑ 24%
|
|
EBITDA
|
84.40
|
74.00
|
↑ 14%
|
156.01
|
135.76
|
↑ 15%
|
|
Net Profit from continuing operations
|
66.83
|
51.45
|
↑ 30%
|
116.56
|
86.00
|
↑ 36%
|
|
Net Profit from total operations
|
66.83
|
63.99
|
↑ 4%
|
590.53
|
107.69
|
↑ 448%
|
Financial Highlights for Period Ended on September 30, 2017
Ø Half Year ended on September 30, 2017
· Revenue from Operations for the half year ended September 30, 2017 increased by 24% to Rs. 213.39 crore from Rs. 172.11 crore for the half year ended on September 30, 2016
· EBITDA for the half year ended September 30, 2017 increased by 15% to Rs. 156.01 crore from Rs. 135.76 crore in the half year ended on September 30, 2016
· Net Profit from continuing operation for the half year ended September 30, 2017 increased by 36% to Rs. 116.56 crore from Rs. 86.00 crore in the half year ended on September 30, 2016
· Net Profit for the half year ended September 30, 2017 increased by 448% to Rs. 590.53 crore from Rs. 107.69 crore in the half year ended on September 30, 2016
· Excluding the profit on sale of part-stake in subsidiary, the Net Profit for the half year ended September 30, 2017 increased by 20% to Rs. 128.78 crore from Rs. 107.69 crore in the half year ended on September 30, 2016
· Earnings per share (non-annualized) for the half year ended on September 30, 2017 at Rs. 108.18 per equity share.
Ø Quarter ended on September 30, 2017
· Revenue from Operations for the quarter ended September 30, 2017 increased by 22% to Rs. 110.75 crore from Rs. 90.90 crore for the quarter ended on September 30, 2016 and increased by 8% from Rs. 102.64 crore for the quarter ended on June 30, 2017.
· EBITDA for the quarter ended on September 30, 2017 increased by 14% to Rs. 84.40 crore from Rs. 74.00 crore in the quarter ended on September 30, 2016 and increased by 18% from Rs. 71.61 crore for the quarter ended June 30, 2017.
· Net Profit from continuing operation for the quarter ended on September 30, 2017 increased by 30% to Rs. 66.83 crore from Rs. 51.45 crore in the quarter ended on September 30, 2016 and increased by 34% from Rs. 49.73 crore for the quarter ended June 30, 2017.
· Net Profit for the quarter ended on September 30, 2017 increased by 4% to Rs. 66.83 crore from Rs. 63.99 crore in the quarter ended on September 30, 2016 and increased by 8% from Rs. 61.95 crore (excluding one-time profit on sale of part-stake in subsidiary) for the quarter ended June 30, 2017.
· Earnings per share (non-annualized) for the quarter ended on September 30, 2017 at Rs. 12.24 per equity share.
Business Highlights for Period Ended September 30, 2017
· Equity Cash Segment average daily turnover for the half year ended September 30, 2017 increased by 30% to Rs. 4,064 crore from Rs. 3,125 crore for the half year ended on September 30, 2016
· Currency Derivative Segment average daily turnover for the half year ended September 30, 2017 increased by 25% to Rs. 17,207 crore from Rs. 13,809 crore for the half year ended on September 30, 2016
· Average monthly number of order processed in Mutual Fund Segment for the half year ended September 30, 2017 increased by 148% to 10.5 lakh from 4.2 lakh for the half year ended on September 30, 2016
· Average daily turnover in India International Exchange (IFSC) Ltd., BSE’s wholly owned subsidiary at GIFT City, Gandhinagar, for October 2017 was USD 39 million. India INX IFSC introduced Liquidity Enhancement Scheme with the goal of creating lasting, self-sustaining liquidity, turnover and open interest w.e.f. November 01, 2017.
Commenting on financial performance during the first half of the current financial year, Shri Ashishkumar Chauhan, MD & CEO, said: “The performance in first half of current financial year is an indicator of BSE’s strategy to promote investments and job growth in India. BSE’s strategy of using its technology prowess along with trust of people and its vast distribution network to distribute investment products is just beginning to take shape. BSE’s efforts in the long term are expected to change the financial products distribution landscape in India.”
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, 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. India INX a wholly owned subsidiary of BSE is India’s first international exchange in India based out of GIFT City Gandhinagar. 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