Ashishkumar Chauhan MD and CEO of BSE
Ashishkumar Chauhan MD and CEO of BSE

India’s BSE posts stellar financial results in Q4

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BSE, the oldest stock exchange in India as well as Asia, posted a net profit of Rs 31.75 crore for the three months ended March 31, 2021. In comparison, the Indian 146-year-old bourse- one of the largest exchanges in the world, along with the New York Stock Exchange (NYSE), Nasdaq, London Stock Exchange Group, Japan Exchange Group, and Shanghai Stock Exchange- had reported a net loss of Rs1.91 crore in the corresponding quarter of the previous year.

BSE’s revenue from operations was up 27% to Rs152.18 crore in the quarter under review from Rs119.56 crore in the January-March period of 2019-20. Meanwhile, the bourse’s consolidated Operating EBITDA Margin was 24% as compared to negative 19% in the corresponding quarter of the previous year.

There was also an increase of 62% in mutual fund order received and a 92% increase in average daily turnover in Equity segment to Rs 5,807 crore for the quarter ended March 31, 2021, as compared to the Rs 3,024 crore during the corresponding quarter of the previous year.

For the full fiscal year ended March 2021, BSE’s net profit increased by 17% to Rs41.70 crore from Rs120.61 crore in 2019-20. Its revenue from operations grew 11% to Rs501.37 crore from Rs450.51 crore in the previous financial year.

BSE Ltd India
(BSE Ltd. HQ in Mumbai, India)

The Board of directors of BSE has recommended a final dividend of Rs 21 per equity share having face value of Rs 2 for the financial year 2020-21, subject to the approval of the shareholders in the ensuing annual general meeting. The total payout with a dividend payout ratio of 99% of the current year profits would be Rs 96.19 crore.

Ashishkumar Chauhan MD and CEO of BSE said “BSE has time and again proved itself as the most technologically advanced exchange in India by providing fastest trade execution time and uninterrupted services on a consistent basis over many years.”

“The efforts made towards building and maintaining its technology prowess combined with culture of customer first, new initiatives and continuous innovation has started to reflect in the business growth and financial performance,” he added.

Established in 1875, as “The Native Share & Stock Brokers’ Association”, BSE  (formerly known as Bombay Stock Exchange), was founded by Premchand Roychand, one of the most influential businessmen in 19th century Bombay whose motto was “wisdom before riches”.

BSE is synonymous with the capital market in India. It is the oldest exchange in Asia and one of India’s leading exchange groups. It has a nation-wide reach with a presence in 417 cities and towns of India, providing an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds.

The BSE’s overall performance is measured by the Sensex, India’s most widely tracked stock market benchmark index, that reflects the health of the Indian economy.

Over the past 146 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform.