Media Release

·         BSE declares a Final Dividend of Rs 13.5 per equity share of Rs 2 each for FY 2021-22 on expanded equity capital post issue of bonus shares in March 2022.

·         Consolidated Net profit attributable to the shareholders for the year ended March 31, 2022, up by 76% to Rs. 254.33 crore from Rs. 144.90 crore in previous year.

·         Consolidated Operating EBITDA for the quarter ended March 31, 2022, up by 5 times to Rs. 213.14 crore from Rs. 38.84 crore in previous year.

·         Total number of transactions in BSE StAR MF grew by 97% to reach 18.5 crores transactions during FY 2022 from 9.4 crores last year

 

MUMBAI, May 11, 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 and year ended March 31, 2022.

Annual Consolidated Financial Results at a Glance

 

Particulars	FY22  (Rs. Crore)	FY21  (Rs. Crore)	YoY Growth
Revenue from Operations	743.15	501.37	↑48%
Less: Operating Expenses	530.01	462.53	↑15%
Operating EBIDTA	213.14	38.84	↑449%
Operating EBIDTA Margin	29%	8%
Add: Other Income	120.38	153.28	â21%
Less: Non-operating expenses	70.44	68.17	↑3%
Profit before Tax and share of associates	263.08	123.95	↑112%
Exceptional Items	-	14.53	â100%
Add: Share of Profit of Associates	64.18	43.15	↑49%
Less: Taxes	82.33	10.87	↑657%
Net Profit	244.93	141.70	↑73%
Net Profit attributable to shareholders	254.33	144.90	↑76%

 

Business Highlights - Primary Markets

 

 

BSE platforms remain the preferred choice by Indian companies to raise capital. In FY 2022, the BSE platform has enabled issuers to raise Rs. 18.4 lakh crores through issue of equity bonds, commercial papers, municipal bonds, InvITs etc., including Rs. 3.1 lakh crore for the quarter ending March 2022.

 

The total number of investor accounts registered with BSE now stands 10.5 crores 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 increased by 29% to Rs. 5,396 crores as compared to the last year.  

 

BSE’s average daily turnover in the Equity Derivatives segment increased by 89% to Rs. 2.66 lakh crores as compared to the last year.

 

BSE’s average daily turnover in the Currency Derivatives segment increased by 28% to Rs. 26,672 crores as compared to the last year.  

 

 

BSE’s average daily turnover in the Commodity Derivatives segment increased by 24% to Rs. 2,969 crores as compared to the 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 Startup’s in India has seen it listing 9 companies on its SME platform and 1 company on its startup platform during the quarter ending March 31, 2021 – taking the total companies to 367 and 14 respectively. These 367 SMEs raised Rs. 3,898 crores, and the 14 startups raised Rs. 61 crores via the BSE platform, with a market value of Rs. 48,482 crores and Rs. 435 crores respectively as of March 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 97% to reach 18.5 crores transactions during FY 2022 from 9.4 crores last year. For the quarter ending March 2022, the BSE StAR platform registered 5.2 crore transactions as compared to 2.9 crore transactions 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 30.1 lakh transactions on 18th April 2022, outdoing its previous best single-day record of 29.9 lakh transactions on 11th April 2022. It also continues to contribute consistent net equity inflow to the Mutual Fund industry, with inflows of Rs. 81,350 crores in FY 2022.

 

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 56.8 lakh transactions as of March 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 16th January 2017, with average daily trading turnover of USD 10.1 billion and a market share of 92% for the year ended March 31, 2022. India INX has more than USD 62 + Billion medium term notes established and over USD 44 + 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 61.9%, and 59.9% in India International Clearing Corporation as on March 31, 2022.

 

India INX and India ICC have invested Rs. 6.75 crores each in India International Bullion Holding IFSCA Limited - Holding Company for setting up and operationalizing the International Bullion Exchange, for its 10% stake each. BSE's wholly owned subsidiary – BSE Technologies is the Technology Solutions provider for the International Bullion Exchange at GIFT City. As directed by IFSCA, trial run for India International Bullion Exchange was conducted on April 18, 2022, and first trade was executed on April 19, 2022.

 

 

Insurance Broking

 

 

BSE Ebix Insurance Broking, a joint venture of BSE and Ebix Fincorp Exchange, is now present in all the three key Insurance verticals – Auto, Health and Life, and is integrated with 20 insurance companies as compared to 16 in the preceding quarter. In the last quarter BSE EBIX has onboarded LIC, TATA AIA and Max Bupa.

 

BSE Ebix has over 11,158 registered Point of Sales as of March 2022, of which 1,486 were added during the year. The total premium collected is Rs 11.95 crore for the year ending March 2022, a growth of 149% over the last year.

 

BSE holds equity stake of 40% through its subsidiary BSE Investments Limited.

 

 

BSE E-Agricultural Markets

 

BSE also 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. It has already enrolled 840 Members – an increase of 52 members from the previous quarter. Trades worth Rs. 63 crores in 3 agricultural commodities – Bag, Jowar and Bajara, were executed on the platform during the quarter ended 31st March 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

Central Electricity Regulatory Commission (CERC) has granted registration on 12^th May 2021 to Pranurja Solutions Ltd. to establish and operate a power exchange. In order to brand itself as a power exchange, the Company has changed its name to Hindustan Power Exchange Ltd. Subject to regulatory approvals, the Company proposes to commence live operations in the first quarter of financial year 2022-23. BSE has a stake of 22.61% in the power exchange through its wholly owned subsidiary, BSE Investments Limited.

 

Open Network for Digital Commerce (ONDC)

BSE Investments has acquired 4.76 percent stake in a government led private sector-led non-profit company Open Network for Digital Commerce (ONDC) platform, which promises to be a gamechanger in India’s bustling ecommerce ecosystem. This is a great opportunity to participate in this national initiative for digital transformation and financial inclusion.

 

 

Commenting on financial performance for the quarter ended, Shri Ashishkumar Chauhan, MD & CEO, said: “As seen over the last few years, BSE has operated with a strategy to build products and markets for institutions and investors, in a manner that enables us to grow in all economic conditions, so that BSE is truly an all-weather growth story, something that does not exist in a single market or asset class alone. As we begin FY 2023, we are better positioned than ever to capitalize on trends occurring across asset classes, and we remain focused on investing and executing on the many growth opportunities in front of us.”

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