World’s fastest stock exchange jumped 6 percent in the day’s trade after it declared its Q2FY24 results with a 303 percent YoY jump in its Net Profit to Rs. 118.41 Crores.
At 12:20 p.m the shares of BSE Limited were trading at Rs. 2,258.70 up 6.24 percent from its previous day close price of Rs. 2,126.05 and its market capitalization is Rs. 30,565 Crores.
BSE Limited has reported a 303 percent YoY jump in its Net Profit from Rs. 29.39 Crores in Q2FY23 to Rs. 118.41 Crores in Q2FY24 and it declined 73 percent QoQ from Rs. 440.09 Crores in Q1FY24 to Rs. 118.41 Crores in Q2FY24.
Its Revenue from operations grew 59 percent YoY from Rs. 197.72 Crores in Q2FY23 to Rs. 314.51 Crores in Q2FY24 and it grew 45.86 percent from Rs. 215.62 Crores in Q1FY24 to Rs. 314.51 Crores in Q2FY24.
In addition to this it has made further investments in its subsidiaries, India International Exchange (IFSC) Limited and India International Clearing Corporation (IFSC) Limited for Rs. 22.36 Crores and Rs. 33.88 Crores, by way of subscribing to the rights issue.
The company’s revenue grew 8.07 percent from Rs. 808.93 Crores in FY22 to Rs. 874.2 Crores, accompanied by decreasing profits of Rs. 254.33 Crores to Rs. 220.67 Crores.
It has reported a return on equity (ROE) of 6.09 percent and a return on capital employed (ROCE) of 9.89 percent, it is making decent returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 0.00 percent stake, the Domestic Institutional Investors hold 8.06 percent and the Foreign Institutional Investors (FII) hold 7.90 percent.
BSE Limited also known as Bombay Stock Exchange is Asia’s first and one of India’s leading stock exchange groups also making it the world’s fastest stock exchange with a speed of 6 microseconds. It provides a transparent market and exchange for trading in equity, debt instruments, derivatives, currency derivatives, mutual funds etc.
Written by: Bharath K.S
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