Media Release

Standalone Total Income up for the quarter ended September 30, 2018 by 4% to Rs. 152.47 crore from Rs. 146.15 crore for the quarter ended June 30, 2018.

Standalone Total Comprehensive Income for the quarter ended September 30, 2018 up by 6% to Rs. 53.78 crore from Rs. 50.53 crore for the quarter ended June 30, 2018.

Earnings per share for the quarter ended September 30, 2018 up by 4% to Rs. 10.09 per share from Rs. 9.69 per share for the quarter ended June 30, 2018.

Strong business growth across segments -

ü  Currency Derivative Segment - Average daily turnover increased by 90% to Rs. 32,668 crore for half year ended September 30, 2018 from Rs. 17,207 crore for half year ended September 30, 2017. 

ü  Mutual Fund Segment - Monthly ordeRs. processed in Mutual Fund Segment increased by 148% to 156 lakh for half year ended September 30, 2018 from 63 lakh for half year ended September 30, 2017.

ü  India International Exchange (IFSC) Ltd. (“India INX”) -  Average daily turnover in India INX, BSE’s wholly owned subsidiary at GIFT City, Gandhinagar increased by 1387% to USD 630 million for half year ended September 30, 2018 from USD 42 million for half year ended September 30, 2017.

ü  Commodity Derivatives Segment - Successfully launched Commodity Derivative segment from October 1, 2018 becoming the fiRs.t univeRs.al exchange in India. 

BSE has successfully completed the buyback of its equity shares on July 9, 2018 and the paid up equity share capital now stands reduced by 3.7% to Rs. 10.36 crore.

MUMBAI, November 2, 2018: BSE Ltd. (BSE), Asia’s oldest and World’s fastest exchange with a speed of 6 microseconds, announced its unaudited standalone financial results for the quarter ended September 30, 2018.

Financial Highlights at a Glance:

Business Highlights for the Period Ended September 30, 2018

·         Mutual Fund Segment : The number of registered mutual fund distributoRs. increased to 16,221 as on October 31, 2018. The total number of SIPs registered under this segment increased by 68% to 2,93,827 for the half year ended September 30, 2018 from 1,74,870 for the half year ended September 30, 2017. The total number of XSIPs registered under this segment increased by 162% to 8,21,309 for the half year ended September 30, 2018 from 3,13,824 for the half year ended September 30, 2017.  The total number of order processed in the Mutual Fund Segment increased by 148% to 156 lakh for the half year ended September 30, 2018 from 63 lakh for the half year ended September 30, 2017.  The total value of ordeRs. processed in the Mutual Fund Segment increased by 58% to Rs. 75,283 crore for the half year ended September 30, 2018 from Rs. 47,669 crore for the half year ended September 30, 2017.  The BSE StAR MF exchange Infrastructure is predominately catering to retail category of mutual funds Industry. We are delighted to inform that the BSE StAR MF distribution reach and network has grown over 15,000 registered distributoRs. and over 200,000 considering the employees and business associates of registered distributoRs. on its network spread over 3,000 towns across India., processing over 31 lakh transactions per month, equivalent to 19% of the annual transactions of FY 2017-18.  BSE’s market share in this segment for the half year ended September 30, 2018 stands at 80%.

·         Currency Derivative Segment :  BSE’s average daily turnover in currency derivatives segment has increased by 90% to Rs. 32,668 crore for the half year ended September 30, 2018 from Rs. 17,207 crore for the half year ended September 30, 2017.  The total contracts too has grown by 79% to 58.12 crore contracts as on  September 30, 2018 to 32.46 crore contracts as on September 30, 2017.  The growth has been aided by increase in turnover in both currency futures contracts as well as currency options contracts.  The average daily turnover in currency futures segment has increased by 93% to Rs. 13,795 crore for the half year ended September 30, 2018 from Rs. 7,160 crore for the half year ended September 30, 2017.  The average daily turnover in currency options segment has increased by 87% to Rs. 18,837 crore for the half year ended September 30, 2018 from Rs. 10,047 crore for the half year ended September 30, 2017.  BSE’s market share in this segment for the half year ended September 30, 2018 stands at 49%.

·         Commodity Derivatives Segment :  BSE became the fiRs.t univeRs.al exchange in India on October 1, 2018 with successful launch of Commodity Derivative segment with the launch of Gold and Silver futures.  BSE launched contracts in Oman Crude Oil futures on October 26, 2018. Over the past one year, BSE has tied up with various associations in the commodities business for growth of and development of commodities derivatives business in India.  The entities with whom BSE has tied up includes renowned entities including London Metal Exchange, Dubai Mercantile Exchange, Bombay Metal Exchange, Cotton Association of India, Federation of Indian Spices StakeholdeRs., Gems Jewellery Council, Bullion Federation etc.  In the last one month, the turnover in this segment has been steadily improving and recorded a turnover of Rs. 6,680 crore as on October 30, 2018. Highest turnover recorded on October 25, 2018 with value of Rs. 621 crore. Of the same, share of Gold derivatives is 86% and Silver derivatives is 14%. BSE’s share of average daily turnover in this segment (vis-à-vis other domestic exchanges commencing business in commodity derivatives segment in October 2018) as on October 30, 2018 stands at 86%. BSE has registered 145 trading membeRs. and 27 clearing membeRs. in the commodity derivatives segment.

·         India International Exchange (IFSC) Ltd. (“India INX”) : Average daily turnover in India INX, BSE’s wholly owned subsidiary at GIFT City, Gandhinagar witnessed a phenomenal growth of 1387% to USD 630 million for the half year ended September 30, 2018 from USD 42 million for the half year ended September 30, 2017.  The turnover comprises of significant contribution by Equity Derivatives Segment as well as Commodity Derivatives Segment.  The Equity Derivatives Segment contributed to 65% of average daily turnover and the Commodities Derivatives Segment contributed to 35% of average daily turnover for the half year ended September 30, 2018.  BSE’s market share in this segment as on September 30, 2018 stands at 68%.

·         Power Exchange : BSE along PTC India Limited and ICICI Bank Limited have filed a petition with the power market regulator, CERC (Central Electricity Regulatory Commission) on September 7, 2018 for grant of license for setting up a new power exchange.  This proposed institutional exchange, subject to necessary regulatory approvals, would leverage on the experience and expertise of its stakeholdeRs. in their fields; knowledge of the power sector, funding of power projects and associated infrastructure, setting-up and running various exchanges and platforms in India, and offer the market participants a credible power trading platform.

Commenting on financial performance for the quarter and half year, Shri Ashishkumar Chauhan, MD & CEO, said: “BSE has become the fiRs.t univeRs.al exchange in India with the launch of commodity derivatives which has reinforced itself as the most agile and foremost exchange in India is focused on identifying and creating new business opportunities that would create value for its stakeholdeRs. and the nation.  As it continues to strengthen its reach among investoRs. and market participants across the country, BSE looks forward to continue to build strong businesses of various financial products for investment, trading, aggregation and distribution  thus also promote growth of economy as well as creating efficient financial markets in India.”

About BSE

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s fiRs.t & the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche BouRs.e, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.

BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customeRs. around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.

Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.

Media Contact

Yatin Padia

022 2272 8516

yatin.padia@bseindia.com