The BSE on Wednesday reported a nearly three-fold jump in consolidated revenue for the quarter ended June at Rs 607.8 crore owing to a sharp increase in transaction charges. The exchange hiked transaction charges for Sensex and Bankex options contracts from May 13, which aided its revenue growth in the latest quarter.
The net profit also surged three-fold to Rs 265.1 crore, if one were to exclude an exceptional income of Rs 367.5 crore seen in the corresponding quarter of last year. Both revenue and net profit figures topped analysts estimate as the top line for the quarter was seen at Rs578 crore and net profit at Rs 232 crore. Over the past one year, the BSE has seen a sharp increase in its market share in the derivatives segment. Compared with Rs 301.7 crore average daily premium turnover in June 2023, it rose to Rs 8,453.4 crore in June 2024.
The exchange’s operating margin jumped from 33% a year ago to 47% in the latest quarter. “We have finished the first quarter strongly, with every business line contributing to revenue and profitability. This reflects the strength of our proposition, the improvements we have made to our products and the depth of our relationships with customers,” BSE managing director and CEO Sundararaman Ramamurthy said.