BSE shares jump over 2% after Q3 net profit more than doubles to ₹219 crore

The BSE stock hit an intra-day high of ₹5,713.85 apiece on the National Stock Exchange of India Ltd (NSE) on Friday compared to its previous close of ₹5,567.55 apiece.

Shares of BSE were trading 1.95% higher to ₹5,675.90 apiece at 12:44 pm.

BSE Q3 results

On Thursday, BSE announced that its net profit more than doubled to ₹218.6 crore for the three months ended December 2024 compared to ₹106.2 crore in the same quarter a year ago. However, it was 37% lower when compared with the profit in the previous quarter on account of higher contribution to a guarantee fund.

Notably, the core settlement guarantee fund is maintained by clearing corporations to ensure that trades are settled on time. BSE’s contribution to this fund for Q3FY25 was to the tune of ₹199 crore compared with ₹19 lakh for the previous quarter. In a post-earnings call, BSE explained that SEBI's new methodology that detailed the computation of the minimum required contribution for the equity derivative segment has come into effect from October 2024 only.

BSE also recorded its highest-ever quarterly revenue of ₹835.4 crore for Q3FY25, a 94% increase from the year-ago period, but only a 4% rise from the previous quarter.

The exchange also said that it witnessed an average daily turnover of ₹6,800 crore for the December quarter compared to ₹6,643 crore a year ago.

Commenting on the outlook for the company, BSE managing director and chief executive officer Sundararaman Ramamurthy said in a statement, “Whilst the road ahead will not be without challenges, we are optimistic about 2025 and we look forward to executing our vision to lead and shape the development of the India's capital markets.”