Mumbai: The Bombay Stock Exchange (BSE) has reported a significant growth in revenue, surging by 70% in FY24 to Rs 1,618 crore from Rs 954 crore in FY23. This marks the highest-ever financial performance for the exchange, with a net profit of Rs 404 crore, a 97% increase compared to the previous fiscal year. The BSE also declared a final dividend of Rs 15 per equity share for FY 2023-24.
During FY24, BSE executed trades for a total of 11.3 billion contracts in the equity derivatives segment, resulting in a total revenue of Rs 176 crores since its relaunch on May 15, 2023. Sundararaman Ramamurthy, MD & CEO of BSE, expressed his satisfaction with the performance, stating that the exchange has successfully created a vibrant trading platform with a strong portfolio of businesses and a rapid pace of innovation.
The exchange informed that the consolidated net profit attributable to shareholders, excluding CDSL stake sale, for the year ended March 31, 2024, stands at Rs 410.9 crore. The average daily turnover in the equity cash segment at BSE is reported to be Rs 6,622 crore, compared to Rs 4,132 crore in the previous year, indicating a healthy growth in trading activity.
According to data from the Futures Industry Association (FIA), BSE ranks second among exchanges globally, and its flagship index, Sensex, ranks 4th in terms of derivatives contracts traded, within less than a year since the relaunch of the derivatives segment. BSE is set to celebrate its 150th year anniversary in July 2024, making it Asia’s oldest stock exchange with a long-standing history of financial excellence and innovation.
