Q4 2024 BSE Ltd Earnings Call Transcript
Key Points
- BSE Ltd (NSE:BSE) recorded its strongest year in history with a record revenue of INR 1,618 crores, up 70% compared to the previous financial year.
- The company saw a significant increase in registered investors, growing by 41% from INR 12.1 crores to INR 17.1 crores.
- BSE Ltd (NSE:BSE) successfully relaunched its index options segment, contributing to strong results in equities, mutual funds, and clearing and settlement business.
- The company conducted 13,780 investor awareness programs and utilized digital and social media to spread awareness, reaching over 4.5 crore active investors.
- BSE StAR MF delivered record revenues and performance, up 63% year-on-year, processing 41.1 crore transactions in FY '24.
- BSE Ltd (NSE:BSE) faced a significant increase in clearing and settlement charges, incurring a cost of INR 206.5 crores compared to INR 61.7 crores in the previous year.
- The company had to provide INR 170 crores towards differential regulatory fees due to a letter from SEBI regarding past periods' regulatory fees.
- Despite strong revenue growth, the company had to contribute INR 91.7 crores towards Core SGF, which is 67% higher compared to the previous financial year.
- The company faces challenges in maintaining profitability due to high clearing and settlement charges and regulatory fees.
- There were concerns about system stability on specific dates, leading to issues with stop-loss orders not getting triggered, impacting trader confidence.
Ladies and gentlemen, good day, and welcome to BSE Limited FY '24 Investor Conference Call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions). Please note that this conference is being recorded.
I now hand the conference over to Mr. Anand Sethuraman, Head of Investor Relations. Thank you, and over to you, sir.
Thank you so much, Sagar. Good evening, everyone, and thank you for joining with us today. This is Anand from Investor Relations at BSE to discuss BSE's earnings call for FY 2024. Joining us on this call is BSE's leadership team, consisting of Mr. Sundararaman Ramamurthy, Managing Director and CEO; Mr. Deepak Goel, Chief Financial Officer; Mr. Sameer Patil, Chief Business Officer; Ms. Kamala K., Chief Regulatory Officer
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