The Bombay Stock Exchange (BSE) shares opened higher by more than 10% on Thursday after the firm released its June quarter results after market hours on Wednesday evening.
The BSE had an excellent quarter, reporting a 24% increase in revenue to ₹607.7 crore over the March quarter of the previous year. The revenue growth was boosted by a 45% quarterly increase in transaction charges, reaching ₹366.3 crore.
During the quarter, BSE’s topline increased by a 7.6% rise in treasury income and 16.4% growth in other securities services.
The main feature of the quarter was a 25 percentage point increase in BSE’s EBITDA margin, which rose to 47% from 19.7% in the March quarter.
During the quarter, BSE’s margin increased as a result of a 53% decrease in SEBI regulatory fees and another 5% decrease in administrative and other expenses.
As of 10:29 am, BSE shares were trading 7.23% higher at Rs 2,572.00 on the NSE.
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