BSE (BSE) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 marked by robust growth in Indian capital markets, with over 184 million registered investors and a market capitalization of $5.27 trillion.

• Consolidated revenue reached ₹674.4 crore (Rs. 6,743 million), with net profit of ₹265 crore (Rs. 2,641 million) and a net margin of 39%.

• All business lines contributed to revenue growth, supported by strong market activity, product improvements, and customer relationships.

• Equity derivatives relaunch, product innovations, and digital platform expansion drove significant growth in trading volumes and revenues.

• Unaudited consolidated and standalone financial results for the quarter ended June 30, 2024, were approved by the Board on August 7, 2024.

Financial highlights

• Consolidated revenue from operations for Q1 FY25 was ₹607.7 crore (Rs. 6,078 million), up 182% year-over-year.

• Net profit attributable to shareholders was ₹265 crore (Rs. 2,641 million), up 253% year-over-year, with a net margin of 39%.

• Operating EBITDA rose to ₹283.9 crore, with margin expanding to 47% from 33% year-over-year.

• Investment income increased 43% to ₹62.9 crore.

• Standalone net worth reached Rs. 22,690 million as of Q1 FY25.

Outlook and guidance

• Focus on increasing market share across all segments and expanding digital and product offerings.

• Continued investment in technology and platforms, especially StAR MF 2.0, to support scalability and growth.

• Management remains confident in sustaining growth and profitability despite evolving regulatory landscape.

• The Board expects the divestment of BSE Institute Limited to be completed in the near future.