BSE shares in focus after Q4 profit jumps 362% YoY, board declares Rs 23 per share dividend
Bombay Stock Exchange's (BSE) shares are in focus. The company's March-quarter earnings surged. Net profit rose 362% to Rs 494 crore. This was driven by higher transaction charges. The board declared a total dividend of Rs 23 per share. A special dividend commemorates BSE's 150th year. Transaction charges increased significantly. The company focuses on growing market share.
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Shares of India's oldest stock exchange, BSE , are set to be in focus on Wednesday after the company reported a sharp surge in its March-quarter earnings and declared a total dividend of Rs 23 per share.BSE's net profit for the fourth quarter of FY25 soared 362% year-on-year to Rs 494 crore, driven by a significant rise in transaction charges and strong operating leverage. Revenue from operations for the March quarter rose 75% from the year-ago quarter to Rs 847 crore.Operating EBITDA, including the core Settlement Guarantee Fund, more than tripled to Rs 594 crore from Rs 95.7 crore in the same quarter last year. EBITDA margins improved sharply to 70%.Profit before tax items rose to Rs 659 crore during the quarter, compared to Rs 153 crore in the corresponding period of the previous fiscal.The board of the company recommended a special dividend of Rs 5 to commemorate BSE's 150th year, in addition to a regular dividend of Rs 18. The total dividend of Rs 23 per share will be paid on or before September 18, with the record date set as May 14.During the March quarter, transaction charges surged 112% YoY to Rs 612 crore, benefiting from increased market activity and higher retail participation. Operating expenses declined to Rs 392 crore from Rs 415 crore in the same period last year.While treasury income dipped to Rs 44.3 crore from Rs 58 crore in the year-ago period, investment income rose to Rs 70 crore from Rs 55.2 crore in the December quarter.BSE said it remains focussed on growing market share across segments amid increasing investor participation and rising household financial savings. 'Increasing disposable household incomes and preference for financial savings is an advantage. Focus on innovation and launch of unique products across segments,' the company said in a release.On Tuesday, BSE shares closed 3.15% lower at Rs 6,250 on NSE.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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