BSE shares have soared over 110% YTD; does solid Q2 numbers mean more upside?

3 min read | Updated on November 13, 2024, 09:10 IST

SUMMARY

BSE on Tuesday reported a three-time surge in net profit to ₹347 crore for the quarter under review. The exchange had posted a net profit of ₹120.5 crore in the year-ago period. Its revenue from operations came in at ₹746.3 crore, up 137% against ₹314.5 crore logged in the year-ago period.

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BSE

Operating EBITDA for the second quarter came in at ₹388.8 crore, up 191.8% YoY.

BSE Q2 Results: The consistent ascent of BSE Ltd shares is enviable. The stock price of the oldest stock exchange in Asia has jumped nearly 114% so far in the calendar year 2024 (CY24) and around 103% over the past 12 months.

Further, in the past five years, the stock of the company has given 2,736.56% returns.

The stock's all-time high level stands at ₹4,989.80, which was hit on October 14, 2024.

The solid results for the September quarter (Q2 FY25) suggest that the stock price is set to rally further.

BSE on Tuesday reported a three-time surge in net profit to ₹347 crore for the quarter under review. The exchange had posted a net profit of ₹120.5 crore in the year-ago period.

Its revenue from operations came in at ₹746.3 crore, up 137% against ₹314.5 crore logged in the year-ago period, its investor presentation showed.

The bourse's total income increased over twofold to ₹819 crore in the July-September period of the current financial year (FY25) from ₹367 crore in the year-ago period.

Operating EBITDA for the second quarter came in at ₹388.8 crore, up 191.8% against ₹133.2 crore registered in the September 2023 quarter.

Operating EBITDA margin came in at 52% as compared to 42% in the year-ago period.

BSE added that its key growth drivers are trading segments, mutual funds, and platform services.

Source: Investor Presentation

On a consolidated basis, BSE's transaction charges increased to ₹507.1 crore in the September 2024 quarter against ₹132.2 crore in the corresponding quarter of the previous fiscal.

Additionally, BSE recorded its best half-year revenue and profit of ₹1,493 crore and ₹610 crore, respectively, the exchange's MD & CEO Sundararaman Ramamurthy said.

The average daily turnover in the equity cash segment for the second quarter of FY25 rose to ₹9,768 crore from ₹5,922 crore in the same quarter last year.

The average daily premium turnover in the equity derivatives segment for Q2 FY25 was at ₹8,203 crore as compared to ₹768 crore in the same quarter last year.

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BSE StAR MF delivered 100% year-on-year growth in revenues to ₹58.7 crore. The total number of transactions processed by BSE StAR MF grew 68% to 16.28 crore in the quarter under review from 9.67 crore in the year-ago period.

Further, the exchange announced divestment in BSE Institute by the sale of a 100% stake.

BSE shareholding pattern

Public shareholders hold a 38.26% stake in the BSE while trading members hold a 15.87% stake. QIBs' share in the company stands at 10.55%, while Body Corporates holds 13.94%.

FPIs and NRIs hold 13.42%, mutual funds 4.75%, AIFs 0.89%, and others 2.32%.

Source: Investor Presentation

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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