On August 7, BSE, Asia’s oldest stock exchange, reported a 40 percent drop in net profit to ₹265.05 crore for the first quarter of FY25, down from ₹442.66 crore in the same period last year.
The decline in profit was attributed to higher expenses and the profit from divesting a 5 percent stake in Central Depository Services (India) amounting to ₹406.62 crore in the previous year.
The exchange’s revenue from operations surged over 180 percent to ₹607.7 crore, up from ₹215.62 crore a year earlier. Revenue for the March quarter was ₹488.37 crore.
Income from investments rose 43 percent to ₹62.9 crore, compared to ₹43.99 crore in the previous year. EBITDA increased significantly to ₹284 crore, up from ₹70 crore a year ago, with EBITDA margins improving to 47 percent from 33 percent.
On August 7, BSE shares climbed 3.58 percent to ₹2,400.4 on the NSE.
Additionally, BSE announced the appointment of Ramesh Gurram as Chief Information Security Officer, effective September 30, 2024. Gurram brings over 26 years of experience, having held roles at MCX, Bank of Baroda, and State Bank of India, along with 20 years of service in the Indian Air Force.
