The shares of the Indian Stock Exchange gained up to 2.3 percent after the company’s net profit and revenue increased by 110 percent and 20 percent YoY, respectively, in the fourth quarter.
With a market capitalization of Rs 37,206.84 crore, the shares of BSE Ltd were trading at Rs 2,748.40 apiece, decreasing around 2.52 percent as compared to the previous closing price of Rs 2,819.40 per share.
Looking into the company’s performance, BSE Ltd’s revenue increased by 27 percent on a quarter-on-quarter basis from Rs. 426 crore in Q3FY24 to Rs. 545 crore in Q4FY24. Further, revenue increased by 110 percent year on year, from Rs. 259 crore in Q4FY23 to Rs. 545 crore in Q4FY24.
BSE Ltd’s net profit increased by 1 percent on a quarter-on-quarter basis, from Rs. 106 crore in Q3FY24 to Rs. 107 crore in Q4FY24. Further, net profit increased by 20 percent year on year from Rs. 89 crore in Q4FY23 to Rs. 107 crore in Q4FY24.
The stock has delivered returns of 39.93 percent in the last six months and a multi-bagger return of 417.54 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 5.17 lakh in a year.
The company’s profitability measures show a decline in return on equity (RoE) from 9.58 percent in FY 21-22 to 8.16 percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 8.29 percent to 7.65 percent. In contrast, the net profit margin (NPM) was 16.91 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, foreign Institutional Investors own 13.04 percent while Retail shareholders own a 22.36 percent stake in the company, and domestic Institutional Investors own a 12.69 percent stake.
The Bombay Stock Exchange (BSE Ltd) is an Indian stock exchange headquartered on Dalal Street in Mumbai. The Company allows the trading of stock, currencies, debt instruments, derivatives, and mutual funds.
Written by:- Abhishek Singh
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