300 per cent Jump in net profit; LIC backed Multibagger company announces stellar results; Rocket rally of 250 per cent in 1 year!

Cash Flow from Operations recorded at Rs 1,864 crores, marking a remarkable leap of 2362.59 per cent from previously negative cash flows.

BSE Ltd's equity derivatives market share has grown significantly from April to September 2023, reaching 7.4 per cent after the introduction of BANKEX derivatives contracts. This growth has boosted the company's revenue.

Financial Update

In Q2 FY24, BSE ltd exhibited robust financial performance, with a significant quarter-on-quarter revenue increase of 45.87 per cent, reaching Rs 3,145 crores. Company has recorded Profit before Tax of Rs 163 crores which has seen growth of 352.77 per cent year-on-year basis and 66.32 per cent quarter-on-quarter basis. While assessing the figures on a year-on-year basis, both Revenue from Operations and Net Profit demonstrated substantial growth, marking 59.08 per cent and an impressive 302.72 per cent increase, respectively. The most impressive jump is showcased in the cash flow statement, with Cash Flow from Operations recorded at Rs 1,864 crores, marking a remarkable leap of 2362.59 per cent from previously negative cash flows. Suggesting positive momentum for the company's financial health on the past year.

In the first half of FY24, Revenue surged by 37.8 per cent, reaching to Rs 5,301 crores, reflecting strong business operations and increased market demand. The Net Profit recorded an impressive growth of 704.8 per cent, rising to Rs 5,585 crores, indicating a significant improvement in profitability.

Key Stakeholders

Life Insurance Corporation of India holds a notable stake of 5.59 per cent in BSE Ltd. Zerodha Broking follows with a 3.70 per cent stake, emphasizing its significant position as a key shareholder. Siddharth Balachandran holds a 3.46 per cent stake where Mukul Agarwal holds a 1.48 per cent stake in this company. These stakes held by prominent entities and individuals not only showcase confidence in BSE Ltd.

Stock Performance

Currently the stock is trading at Rs 2,029 with the intraday gains of 3.34 per cent on Friday. Company’s market capital stood at Rs 27,238 crores. BSE ltd has demonstrated noteworthy performance showing a considerable 36.93 per cent surge in the last month. Over the course of a year, it registered a substantial increase of 254.47 per cent. Furthermore, in longer-term it has given a multibagger returns of 894.61 per for five years period.

About Company

BSE Ltd. (Bombay Stock Exchange) is Asia's oldest stock exchange and the tenth oldest in the world. It is located on Dalal Street in Mumbai, India. BSE was founded in 1875 and is one of the leading stock exchanges in India, with a market capitalization of over Rs. 301 trillion as of July 2023. BSE provides a platform for trading in equity, currencies, debt instruments, derivatives, and mutual funds. It is also the home of the S&P BSE SENSEX, which is India's benchmark stock market index.

Disclaimer: The article is for informational purposes only and not investment advice.