BSE Ltd’s Q1 Net Profit Surges 4-fold on-year at Rs 265 Crores

BSE Ltd reported a net profit of Rs 265 crore for Q1 FY25, nearly quadrupling from Rs 72.6 crore in the same quarter the previous year, excluding exceptional items. This marks a 264 percent increase. 

The company’s revenue surged over 180 percent to Rs 607.7 crore, compared to Rs 215.62 crore in the year-ago period. 

Quarterly Comparisons reflected that previous Quarter (Q4 FY24),BSE Ltd posted a net profit of Rs 107.04 crore and a revenue of Rs 488.37 crore in the January-March quarter. 

The results reflected exceptional gains. In the previous year’s April-June quarter, BSE Ltd reported an exceptional gain of Rs 406.62 crore (Rs 367.5 crore net of tax) from divesting a five percent stake in Central Depository Services (India). 

 The operating EBITDA for Q1 FY25 soared to Rs 284 crore, up from Rs 70 crore in the same period last year. The EBITDA margin improved to 47 percent in Q1 FY25, compared to 33 percent in Q1 FY24. 

 Income from investments increased by 43 percent to Rs 62.9 crore, up from Rs 43.99 crore in the same period last year. 

Market responded positively to the performance with the stock price on August 7. BSE shares rose by 3.58 percent to Rs 2,400.4 on the NSE. 

Corporate Appointment of CISO is another important factor. BSE Ltd announced the appointment of Ramesh Gurram as the Chief Information Security Officer, effective from September 30, 2024. Gurram brings over 26 years of experience, including positions at MCX, Bank of Baroda, State Bank of India, and 20 years in the Indian Air Force. 

Read More: Click Here