BSE (BSE) Q4 23/24 earnings summary

Executive summary

• Achieved record consolidated revenue of ₹161,790 lakh for FY 2023-24, up 70% year-over-year, with net profit after tax at ₹77,166 lakh, up 275% year-over-year, driven by strong growth in securities services, investment income, and corporate services.

• Standalone revenue rose 74% to ₹129,180 lakh, with net profit after tax at ₹75,339 lakh, up 351% year-over-year, reflecting robust performance across all business segments.

• Board recommended a final dividend of ₹15 per equity share, subject to shareholder approval, resulting in a cash outflow of approximately ₹20,599 lakh.

Financial highlights

• Consolidated total income: ₹161,790 lakh (up 70% year-over-year); standalone total income: ₹129,180 lakh (up 74% year-over-year).

• Consolidated net profit after tax: ₹77,166 lakh (up 275% year-over-year); standalone net profit after tax: ₹75,339 lakh (up 351% year-over-year).

• EBITDA margin (consolidated): 39%; net margin: 48%.

• Exceptional item: ₹40,662 lakh gain from partial disposal of investment in associate.

• EPS (consolidated): ₹29.91 before exceptional items, ₹56.66 after exceptional items.

• Buyback of 86,532 equity shares at ₹1,080 per share, reducing paid-up capital and creating a capital redemption reserve.

Outlook and guidance

• Management expects continued growth in securities services, investment income, and corporate services, supported by strong market activity and new product launches.

• Cautious optimism for FY 2024-25, with focus on technology upgrades, risk management, and regulatory compliance.