BSE net profit up thanks to higher trading volume

BSE, the country’s oldest stock exchange, reported that its net profit in the March quarter more than doubled to ₹72 crore from ₹32 crore on higher trading volume.

Operating income increased to ₹205 crore (₹152 crore), while investment income increased to ₹24 crore (₹13 crore).

The exchange declared a final dividend of ₹13 for the last financial year.

Consolidated operating EBITDA for the March quarter increased fivefold to ₹213 crore (₹39 crore).

Transactions in BSE StAR MF increased by 97% to 18.5 crores in the last fiscal year from 9.4 crores recorded the previous year.

Average daily turnover in the equity segment increased by 29% to ₹5,396 crore in the year under review.

The ONDC initiative

BSE’s wholly owned subsidiary, BSE Investments, has acquired a 4.76% stake in the government-run, private sector-led non-profit platform Open Network for Digital Commerce.

In FY22, the BSE platform enabled issuers to raise ₹18.4000000 through the issuance of Equity Bonds, Commercial Papers, Municipal Bonds and InvIT.

BSE’s average daily turnover in the equity derivatives segment increased by 89% to ₹2.66 lakh crore.

Growth opportunities

Ashishkumar Chauhan, Managing Director of BSE, said the exchange has created products and markets for institutions and investors in a way that allows it to thrive in all economic conditions.

As BSE begins the new financial year, he said he was better positioned than ever to capitalize on the trends occurring across all asset classes and focused on investing in many growth opportunities, said he added.

Published on

May 11, 2022

Melissa C. Keyes