- BSE share price experiences volatility in Thursday’s trading session following the announcement of its Q4 results.
- The stock exchange reported a 70% increase in revenue for FY24, reaching ₹1,618 crore, up from ₹954 crore in FY23.
- BSE’s net profit for FY24 climbed to ₹404 crore, marking a 97% increase compared to the previous fiscal year.
BSE shares fluctuate after Q4 results reveal record financial performance and a significant increase in revenue and net profit. The stock exchange also announces a final dividend for FY 2023–2024.
BSE Reports Record Financial Performance
BSE, India’s leading stock exchange, has reported its best-ever financial performance for FY24. The exchange’s revenue jumped by 70% to ₹1,618 crore from ₹954 crore in FY23. In addition, BSE declared a final dividend of Rs 15 per equity share for FY 2023–2024, according to the company’s filing.
Significant Increase in Net Profit and Equity Derivatives Transactions
In FY24, BSE’s net profit climbed to ₹404 crore, a 97% rise over the previous fiscal year. Since its relaunch on May 15, 2023, BSE has completed transactions for 11.3 billion contracts in the equity derivatives category during FY24, generating a total income of ₹176 crores.
BSE Shares Experience Volatility
The BSE share price today opened at ₹2,791.00 apiece on NSE. The stock reached an intraday high of ₹2,885 and an intraday low of ₹2,775. BSE shares, valued at ₹535 apiece a year ago, have jumped by an impressive 420%, reaching the current market price of ₹2,784.05.
Future Outlook for BSE
According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, BSE shares had a positive start but have now given up morning gains. Overall, the stock is in the range of ₹2,720–2,800, only beyond which the momentum would trigger, and the primary trend remains positive. Domestic brokerage Motilal Oswal Financial Services predicts significant revenue growth in the derivatives segment following the BSE’s decision to raise transaction fees for derivatives from May 13, 2024.
Conclusion
BSE’s record financial performance and significant increase in net profit and equity derivatives transactions have led to volatility in its share price. The future outlook for BSE remains positive, with potential for significant revenue growth in the derivatives segment.
