MUMBAI: BSE declares Q4 Net profit attributable to the shareholders which is up by 76%. BSE Ltd. (BSE), Asia’s oldest and first universal exchange and World’s fastest exchange with a speed of 6 microseconds, announced its unaudited consolidated and standalone financial results for the quarter Q4 and year ended March 31, 2022.
Annual Consolidated Financial Results at a Glance
| Particulars | FY22
(Rs. Crore) |
FY21
(Rs. Crore) |
YoY Growth |
| Revenue from Operations | 743.15 | 501.37 | ↑48% |
| Less: Operating Expenses | 530.01 | 462.53 | ↑15% |
| Operating EBIDTA | 213.14 | 38.84 | ↑449% |
| Operating EBIDTA Margin | 29% | 8% | |
| Add: Other Income | 120.38 | 153.28 | â21% |
| Less: Non-operating expenses | 70.44 | 68.17 | ↑3% |
| Profit before Tax and share of associates | 263.08 | 123.95 | ↑112% |
| Exceptional Items | – | 14.53 | â100% |
| Add: Share of Profit of Associates | 64.18 | 43.15 | ↑49% |
| Less: Taxes | 82.33 | 10.87 | ↑657% |
| Net Profit | 244.93 | 141.70 | ↑73% |
| Net Profit attributable to shareholders | 254.33 | 144.90 | ↑76% |
Business Highlights – Primary Markets
BSE platforms remain the preferred choice by Indian companies to raise capital. In FY 2022, the BSE platform has enabled issuers to raise Rs. 18.4 lakh crores through issue of equity bonds, commercial papers, municipal bonds, InvITs etc., including Rs. 3.1 lakh crore for the quarter Q4 ending March 2022 declared by BSE.
The total number of investor accounts registered with BSE now stands 10.5 crores and continues to move up. This number has more than doubled in the last 2 years.
Trading Segments
BSE’s average daily turnover in the Equity segment increased by 29% to Rs. 5,396 crores as compared to the last year.
BSE’s average daily turnover in the Equity Derivatives segment increased by 89% to Rs. 2.66 lakh crores as compared to the last year.
BSE’s average daily turnover in the Currency Derivatives segment increased by 28% to Rs. 26,672 crores as compared to the last year.
BSE’s average daily turnover in the Commodity Derivatives segment increased by 24% to Rs. 2,969 crores as compared to the last year.
BSE SME Platform & BSE Startups Platform
BSE has completed 10 years of operationalizing India’s first SME exchange. BSE’s endeavour to support the SME’s and Startup’s in India has seen it listing 9 companies on its SME platform and 1 company on its startup platform during the quarter ending March 31, 2021 – taking the total companies to 367 and 14 respectively. These 367 SMEs raised Rs. 3,898 crores, and the 14 startups raised Rs. 61 crores via the BSE platform, with a market value of Rs. 48,482 crores and Rs. 435 crores respectively as of March 2022. BSE’s market share in the SME segment stands at 60%.
Mutual Fund – StAR MF Platform
BSE StAR MF, India’s largest Mutual Funds Distribution platform, continues to grow at a remarkable pace with total number of transactions growing by 97% to reach 18.5 crores transactions during FY 2022 from 9.4 crores last year. For the quarter Q4 ending March 2022, the BSE StAR platform registered 5.2 crore transactions as compared to 2.9 crore transactions in the same period last year.
BSE StAR MF platform continues to scale new peaks in terms of single day transactions, with the platform processing a high of 30.1 lakh transactions on 18th April 2022, outdoing its previous best single-day record of 29.9 lakh transactions on 11th April 2022. It also continues to contribute consistent net equity inflow to the Mutual Fund industry, with inflows of Rs. 81,350 crores in FY 2022.
The BSE StAR MF app, launched in May 2019, to help Mutual Fund Distributors register clients on real-time basis and execute paperless transactions, has processed over 56.8 lakh transactions as of March 2022.
India International Exchange at IFSC
BSE promoted international exchange at Gift City, Gandhinagar, India INX has been growing exponentially ever since it commenced trading activities on 16th January 2017, with average daily trading turnover of USD 10.1 billion and a market share of 92% for the year ended March 31, 2022. India INX has more than USD 62 + Billion medium term notes established and over USD 44 + Billion of bond listings till date.
India INX has enabled a Global Access platform for investors wanting to invest in global securities. The platform permits investment in more than 30,000 stocks across 33 countries and 135 exchanges across the US, Asia Pacific, and Europe.
Owing to investments by certain strategic and financial investors, BSE’s stake in India INX stands at 61.9%, and 59.9% in India International Clearing Corporation as on March 31, 2022.
India INX and India ICC have invested Rs. 6.75 crores each in India International Bullion Holding IFSCA Limited – Holding Company for setting up and operationalizing the International Bullion Exchange, for its 10% stake each. BSE’s wholly owned subsidiary – BSE Technologies is the Technology Solutions provider for the International Bullion Exchange at GIFT City. As directed by IFSCA, trial run for India International Bullion Exchange was conducted on April 18, 2022, and first trade was executed on April 19, 2022.
Insurance Broking
BSE Ebix Insurance Broking, a joint venture of BSE and Ebix Fincorp Exchange, is now present in all the three key Insurance verticals – Auto, Health and Life, and is integrated with 20 insurance companies as compared to 16 in the preceding quarter. In the last quarter Q4 BSE EBIX has onboarded LIC, TATA AIA and Max Bupa.
BSE Ebix has over 11,158 registered Point of Sales as of March 2022, of which 1,486 were added during the year. The total premium collected is Rs 11.95 crore for the year ending March 2022, a growth of 149% over the last year.
BSE holds equity stake of 40% through its subsidiary BSE Investments Limited.
BSE E-Agricultural Markets
BSE also remains fully committed in expanding the BSE E-Agricultural Markets Ltd. (“BEAM’) platform, a JV between BSE Investments and Frontier Agriculture Platforms, to setup a nationwide, electronic, institutionalized, spot trading platform to facilitate spot transactions in both agri and non-agri commodities. It has already enrolled 840 Members – an increase of 52 members from the previous quarter. Trades worth Rs. 63 crores in 3 agricultural commodities – Bag, Jowar and Bajara, were executed on the platform during the quarter ended 31st March 2022. The company is working closely with the Government and Government Enterprises to enhance the efficiency of procurement and sales of the commodities.
Power Exchange
Central Electricity Regulatory Commission (CERC) has granted registration on 12th May 2021 to Pranurja Solutions Ltd. to establish and operate a power exchange. In order to brand itself as a power exchange, the Company has changed its name to Hindustan Power Exchange Ltd. Subject to regulatory approvals, the Company proposes to commence live operations in the first quarter of financial year 2022-23. BSE has a stake of 22.61% in the power exchange through its wholly owned subsidiary, BSE Investments Limited.
Open Network for Digital Commerce (ONDC)
BSE Investments has acquired 4.76 percent stake in a government led private sector-led non-profit company Open Network for Digital Commerce (ONDC) platform, which promises to be a gamechanger in India’s bustling ecommerce ecosystem. This is a great opportunity to participate in this national initiative for digital transformation and financial inclusion.
Commenting on financial performance for the quarter ended, Shri Ashishkumar Chauhan, MD & CEO, said: “As seen over the last few years, BSE has operated with a strategy to build products and markets for institutions and investors, in a manner that enables us to grow in all economic conditions, so that BSE is truly an all-weather growth story, something that does not exist in a single market or asset class alone. As we begin FY 2023, we are better positioned than ever to capitalize on trends occurring across asset classes, and we remain focused on investing and executing on the many growth opportunities in front of us.”
