Shares of BSE zoom despite weak markets; heres why!

BSE declared a final dividend of Rs 13.5 per equity share of Rs 2 each for FY 2021-22 on expanded equity capital post issue of bonus shares in March 2022.

Asia’s oldest and first universal exchange, BSE has announced its unaudited consolidated and standalone financial results for the quarter and year ended March 31, 2022.

Following are the annual consolidated financial results of BSE at a glance.

Consolidated net profit attributable to the shareholders for FY22, jumped 76 per cent to Rs 254.33 crore from Rs 144.90 crore recorded in the previous year. While consolidated operating EBITDA for the quarter ended March 31, 2022, skyrocketed 5 times to Rs 213.14 crore from Rs 38.84 crore last year. BSE declared a final dividend of Rs 13.5 per equity share of Rs 2 each for FY 2021-22 on expanded equity capital post issue of bonus shares in March 2022.

BSE’s average daily turnover in the equity segment increased by 2 per cent to Rs 5,396 crores as compared to the last year. In FY 2022, the BSE platform has enabled issuers to raise Rs 18.4 lakh crores through issue of equity bonds, commercial papers, municipal bonds, InvITs etc., including Rs 3.1 lakh crore for the quarter ending March 2022. The total number of investor accounts registered with BSE now stands 10.5 crores and continues to move up. This number has more than doubled in the last 2 years.

Commenting on financial performance for the quarter ended March 31, 2022, Ashishkumar Chauhan, MD & CEO, BSE Ltd said: “As seen over the last few years, BSE has operated with a strategy to build products and markets for institutions and investors, in a manner that enables us to grow in all economic conditions, so that BSE is truly an all-weather growth story, something that does not exist in a single market or asset class alone. As we begin FY 2023, we are better positioned than ever to capitalize on trends occurring across asset classes, and we remain focused on investing and executing on the many growth opportunities in front of us.”

BSE has completed 10 years of operationalizing India’s first SME exchange. BSE’s endeavour to support the SME’s and Startup’s in India has seen it listing 9 companies on its SME platform and 1 company on its startup platform during the quarter ending March 31, 2021 – taking the total companies to 367 and 14 respectively. These 367 SMEs raised Rs 3,898 crores, and the 14 startups raised Rs 61 crores via the BSE platform, with a market value of Rs 48,482 crores and Rs 435 crores respectively as of March 2022. BSE’s market share in the SME segment stands at 60 per cent.

BSE StAR MF, India's largest mutual funds distribution platform, continues to grow at a remarkable pace with total number of transactions growing by 97 per cent to reach 18.5 crores transactions during FY 2022 from 9.4 crores last year. For the quarter ending March 2022, the BSE StAR platform registered 5.2 crore transactions as compared to 2.9 crore transactions in the same period last year.

On Thursday, shares of BSE climbed ~3 per cent during early market hours to touch an intra-day high of Rs 739 per share.

Investors should keep a close eye on this counter!