BSE's Financial Triumph: Record Profit and Key Divestment

BSE reported a threefold increase in net profit to Rs 346 crore for the September quarter, with total revenues doubling to Rs 819 crore. Major growth was also observed in the equity segments and BSE StAR MF. A divestment in BSE Institute has been announced, pending approvals.

The Bombay Stock Exchange (BSE) marked a triumphant financial milestone on Tuesday, announcing a threefold increase in net profit to Rs 346 crore for the September quarter. This surge is impressive compared to the Rs 118 crore recorded during the same period last year, the exchange detailed in a statement.

The bourse experienced a substantial rise in total revenues, which more than doubled from Rs 367 crore to Rs 819 crore in the July-September timeframe, during the current financial year, FY25. Sundararaman Ramamurthy, the Managing Director and CEO, stated that the exchange recorded its best-ever half-year revenue at Rs 1,493 crore and a profit of Rs 610 crore.

In a significant development, BSE has executed its divestment strategy by selling a 100 percent stake in BSE Institute, a move previously accorded in-principle approval in May 2024. The transaction awaits final terms and necessary regulatory approvals, as informed by the exchange.

(With inputs from agencies.)