BSE (BSE) Q3 24/25 earnings summary

Executive summary

• Achieved highest-ever quarterly consolidated revenues of INR 835.4 crores in Q3 FY25, up 94% year-over-year, driven by strong transaction-related and treasury income.

• Net profit attributable to shareholders rose 103% year-over-year to INR 219.7 crores, with operational revenues up 108%.

• Celebrating 150 years, the organization has evolved into a diversified financial services provider with a global reach.

• Market capitalization of listed companies reached $5.19 trillion as of Dec 2024.

• Unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2024, were approved by the Board on February 6, 2025.

Financial highlights

• Transaction charges increased 157% year-over-year to INR 511.1 crores, while operating expenses rose 86% to INR 567 crores, mainly due to higher Core SGF contributions.

• Consolidated revenue for 9M FY25 was ₹23,287 million, up 36% year-over-year.

• Net profit for 9M FY25 stood at ₹8,286 million, with a net margin of 36%.

• Operating EBITDA reached INR 236.5 crores (margin 31%), up from INR 91.9 crores; excluding Core SGF, EBITDA was INR 435.7 crores (margin 56%).

• Treasury income grew 3% to INR 48.5 crores; other operating income rose 77% to INR 64 crores; investment income up 7% to INR 58.2 crores.

Outlook and guidance

• Optimistic about 2025, aiming to further enhance market efficiency, customer delight, and technology infrastructure.

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

• Divestment of BSE Institute Limited is expected to be completed in the near future.