MUMBAI, May 21, 2020: BSE Ltd. (BSE), Asia’s oldest and first universal exchange and World’s fastest exchange with a speed of 6 microseconds, announced its audited consolidated and standalone financial results for the quarter and year ended March 31, 2020.
The Board of Directors of BSE has recommended a final dividend of Rs 17 per equity share having face value of Rs 2 each subject to approval of shareholders in ensuing annual general meeting. The total payout would be Rs 77.87 crore representing 95% of the profits excluding gain on part- equity stake sale of Central Depository Services (India) Limited.
Commenting on financial performance for the quarter ended,Mr. Ashishkumar Chauhan, MD & CEO, said: “The introduction of Rupee based currency derivatives by BSE’s international exchange, INDIA INX completes the bouquet of major currencies traded on its trading platform. With a cumulative trading volume of $822 billion since launch and international debt MTN (medium term note) programme of about $48 billion, India’s INR-USD derivative is expected to attract more participants to the IFSC and make India INX a leading centre for raising capital for issuers across the globe. The growth of transactions in the StAR MF segment and pick up in operations of BSE-Ebix Insurance Broking Private Limited in spite of adverse economic environment is encouraging. BSE looks forward to continue to build upon its existing areas of strength and pursue other opportunities from time to time as the same arise.”
BSE declares a Final Dividend of Rs 17 per equity share of Rs 2 each for FY2019-20.
Net profit (Standalone) for the quarter ended March 31, 2020 (excluding non-recurring & exceptional items) up by 92% to Rs 20.24 crore from Rs 10.54 crore in previous quarter.
Revenue from Operations increased by 9% to Rs 119.56 crore on consolidated basis and increased by 7% to Rs 99.53 crore on standalone basis as compared to previous quarter.
Quarterly Consolidated and Standalone Financial Results at a Glance
| Consolidated | Standalone | |||||
| Particulars | Q4 FY20
(Rs crore) |
Q3 FY20
(Rs crore) |
QoQ Growth | Q4 FY20
(Rs crore) |
Q3 FY20
(Rs crore) |
QoQ Growth |
| Revenue from Operations | 119.56 | 109.92 | ↑9% | 99.53 | 93.15 | ↑7% |
| Other Income | 36.23 | 38.74 | ↓6% | 30.98 | 31.79 | ↓3% |
| Total Income | 155.79 | 148.66 | ↑5% | 130.51 | 124.94 | ↑4% |
| Operating Expenses | 114.99 | 115.47 | ↓0.42% | 95.64 | 98.51 | ↓3% |
| EBIDTA | 40.80 | 33.19 | ↑23% | 34.87 | 26.43 | ↑32% |
| EBIDTA Margin | 26% | 22% | 27% | 21% | ||
| Non-recurring expenses | 18.65 | 3.62 | ↑415% | 18.65 | 3.62 | ↑415% |
| Non-operating expenses | 22.49 | 20.93 | ↑7% | 15.74 | 14.30 | ↑10% |
| Profit before Tax, exceptional items and share of associates | (0.34) | 8.64 | ↓104% | 0.48 | 8.51 | ↓94% |
| Add: Exceptional items | – | 32.04 | ↓100% | – | 91.58 | ↓100% |
| Add: Profit from associates | 6.61 | 5.72 | ↑16% | – | – | – |
| Less : Taxes | 8.18 | 1.47 | ↑456% | (1.11) | 1.59 | ↓170% |
| Net Profit | (1.91) | 44.93 | ↓104% | 1.59 | 98.50 | ↓98% |
| Net Profit attributable to shareholders | (1.31) | 45.57 | ↓103% | 1.59 | 98.50 | ↓98% |
| Net Profit (excl. non-recurring and exceptional items) | 17.34 | 17.15 | ↑1% | 20.24 | 10.54 | ↑92% |
