BSE Q2FY25 Results: PAT Soars 3-Fold to ₹346 Crore, Revenue Soars by 137%

BSE Ltd, India’s oldest stock exchange, announced impressive financial results for the second quarter of FY25. The company reported a 187.8% year-on-year (YoY) increase in net profit, reaching ₹346.8 crore compared to ₹120.5 crore in the same quarter last year. Revenue from operations surged by 137.3% to ₹746.3 crore, up from ₹314.5 crore in Q2 FY24.

Key Drivers of Growth

The exchange’s strong revenue growth was mainly driven by higher transaction charges and services provided to corporates. BSE also exceeded EBITDA expectations due to lower-than-expected operating expenses. This was aided by reduced employee costs, regulatory fees, and a significant 14% quarter-on-quarter (QoQ) decrease in other expenses.

Record Half-Year Results

BSE achieved its best half-year performance with a total revenue of ₹1,493 crore and a profit of ₹610 crore, according to Sundararaman Ramamurthy, the Managing Director and CEO of BSE Ltd. The exchange also saw an increase in the average daily turnover in the equity cash segment, which rose to ₹9,768 crore from ₹5,922 crore in the same quarter of the previous year. Additionally, the average daily turnover in the equity derivatives segment grew to ₹8,203 crore, up from ₹768 crore in Q2 FY24.

Growth in Mutual Fund Transactions

BSE StAR MF, a platform for mutual fund transactions, showed remarkable growth, with a 100% YoY increase in revenue, reaching ₹58.7 crore. The number of transactions processed by BSE StAR MF grew by 68%, totalling 16.28 crore transactions, compared to 9.67 crore in Q2 FY24.

BSE Divests Stake in BSE Institute

In a strategic move, BSE announced the sale of its 100% stake in BSE Institute Ltd. This decision follows an earlier in-principle approval by the BSE Board for the divestment. The sale will be subject to the terms and conditions agreed upon between the parties and necessary statutory or regulatory approvals.

On November 13, 2024, BSE share price opened at ₹4,737.55, touching the day’s low of ₹4,481.30 as of 11:03 AM on NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.