BSE Q3 results: Profit jumps nearly threefold to ₹602 cr; revenue up 62% | Company Results

Leading stock exchange BSE on Monday reported a nearly three-fold jump in consolidated profit for the December quarter to ₹602 crore, driven by strong growth in equity derivatives trading, listings and mutual fund transactions.

The stock exchange posted a profit of ₹220 crore in the corresponding period of the last financial year.

Total revenue for the quarter under review reached an all-time high of ₹ 1,334 crore, up 61 per cent year-on-year at ₹ 829 crore, BSE said in a statement.

This also marks the stock market’s 11th consecutive record performance.

Additionally, operating expenses declined 4 per cent year-on-year to ₹ 512 crore, further boosting profitability. Investment and other income rose 47 per cent to ₹90 crore in the quarter.

Commenting on the results, BSE MD and CEO Sundararaman Ramamurthy said that the exchange’s “strong third quarter performance is a testament to the strength of our platforms and the markets’ confidence in BSE.”

“With record SME listings, growing index derivative activity and the continued success of StAR MF, we are accelerating innovation across all our businesses,” he added.

In the December quarter, BSE welcomed 99 new stock listings across mainboard and SME platforms, raising a total of Rs 97,657 crore. Equity derivatives activity reached an all-time high with 772 crore contracts transacted in the quarter and revenues of 784 crore.

Meanwhile, transactions on the BSE StAR MF platform rose 21 per cent year-on-year to Rs 21.7 crore (from Rs 18 crore in the year-earlier period), helping BSE command a market share of 87.4 per cent in mutual fund transaction transactions.