BSE Q4 Results: Net Profit Zooms Nearly 5x, Revenue Up 75%
India's oldest bourse, Bombay Stock Exchange Ltd.'s net profit jumped nearly five times to Rs.494 crore in the quarter ending Mar 31, 2025, thereby beating analysts' estimates.
The stock exchange posted a net profit of Rs 107 crore in the same quarter last year.
There was a sharp increase in revenue from operations, which rose 75% year-on-year to Rs 856.6 crore. This growth was largely due to higher transaction charges, meaning the exchange earned more from trades carried out on its platform.
BSE also announced a dividend of Rs 23 per equity share. This includes a final dividend of Rs 18 per share and a special dividend of Rs 5 per share. The special dividend has been declared to commemorate the 150th anniversary of the exchange.
The record date to determine eligibility for receiving the dividend has been set for May 14.
BSE Q4 FY25 Highlights (Consolidated YoY)
Revenue up 75% at Rs 847 crore versus Rs 484 crore (Bloomberg estimate: Rs 770.04 crore).
Net profit up 360% at Rs 493 crore versus Rs 107 crore (Estimate: Rs 409.84 crore)
Operating Ebitda including Core SGF up 520% at Rs 5,936 crore versus Rs 957 crore
Operating Ebitda margin including Core SGF at 70% versus 20% (*SGF-Settlement Guarantee Fund)
BSE, in its earnings call, mentioned that the dividend payout has been consistent over the last three years — from Rs.154 crore to Rs.204 crore, and now a proposed Rs.316 crore — doubling over the period. BSE noted that dividend declarations are linked to profitability and reinvestment needs.
On other fronts, the earnings call shed light on the bourse's stance on clearing corporations and common contract notes.
BSE Limited said it is awaiting clarity on how regulations will evolve on the independence of clearing operations into a separate entity. The company stated it has consistently advocated for a level playing field in the market to help reduce concentration risk and enhance benefits for investors.
One such measure it supports is the implementation of a common contract note for investors, which is aimed at standardising disclosures across market intermediaries. The note, initially scheduled to go live on April 30, has now been postponed to allow further testing.
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