BSE shares in focus post Q3 results — internals remain strong, transaction charges lift revenue

Shares of BSE Ltd. are in focus on Monday, February 10, after the company reported its third quarter earnings, with its internals remaining strong.

BSE witnessed nearly a 30% increase in turnover sequentially.

Its average daily notional turnover increased 28% to ₹210 lakh crore, while its average daily premium turnover was up 29.7% at ₹19,459 crore.

Its headline numbers were largely higher than estimates.  The exchange's transaction charges lifted the revenue, which was up 20% sequentially.

BSE's operating income increased 16% to ₹1,244 crore sequentially from ₹1,068 crore.

Its earnings before interest, tax, depreciation and amortisation (EBITDA) increased 13% to ₹778 crore from ₹691 crore in the previous quarter.

Meanwhile, higher regulatory contribution dragged its margin.

BSE's regulatory contribution was up 28% sequentially at ₹187 crore from ₹147 crore.

Its margin contracted to 62.5% from 64.7% in the preceding quarter.

Shares of BSE Ltd. ended the previous session 3.07% up at ₹2,986 apiece. The stock has gained 7% in the past month, 24.6% in the last six months and 59.1% in the past year.

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