Q1 2025 BSE Ltd Earnings Call Transcript
Key Points
- BSE Ltd (NSE:BSE) recorded its highest ever quarterly revenues with a record revenue of INR674.4 crores, up 149% compared to the corresponding quarter of the previous year.
- The net profit attributable to shareholders stands at INR265 crores, up from INR75.1 crores, marking a growth of 253%.
- BSE's operational revenues have grown by 182% to INR607.7 crores from INR215.6 crores.
- The average daily turnover in the cash segment for Q1 FY 2025 stands at INR9,006 crores, more than double the INR4,025 crores in the same quarter last year.
- BSE StAR MF delivered record revenues and performance, up 101% year-on-year to reach INR48 crores, with the total number of transactions processed growing by 72%.
- The evolving regulatory landscape, including SEBI's recent circulars and consultation papers, may potentially impact derivatives volumes.
- The reduction of transaction charges for BSE derivatives segment, while contributing to financial performance this quarter, may affect future revenue streams.
- Concerns were raised about the impact of the proposed SEBI order on notional turnover, which could affect the exchange fee structure.
- The potential impact of returning interest income on margin money as per SEBI's consultation paper could affect treasury income.
- The need for regulatory approval to repurpose surplus funds from the currency segment's settlement guarantee fund could limit financial flexibility.
Ladies and gentlemen, good day, and welcome to BSE Limited Q1 FY25 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 the 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. This is Anand from Investor Relations and welcome you all to the BSE's earnings call to discuss Q1 FY 2025 performance. 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; Mr. Subhash Kelkar, Chief
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