BSE announced its unaudited standalone financial results for Q2FY19; Standalone Total Income up by 4% to ₹ 152.47 crore

Deepthi | Myequity news | Date : 02-11-2018 17:10:00 IST

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.

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 ₹ 75,283 crore for the half year ended September 30, 2018 from ₹ 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 ₹ 32,668 crore for the half year ended September 30, 2018 from ₹ 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 ₹ 13,795 crore for the half year ended September 30, 2018 from ₹ 7,160 crore for the half year ended September 30, 2017. The average daily turnover in currency options segment has increased by 87% to ₹ 18,837 crore for the half year ended September 30, 2018 from ₹ 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 first universal 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 ₹ 6,680 crore as on October 30, 2018. Highest turnover recorded on October 25, 2018 with value of ₹ 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 first universal 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 first & now 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 Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, Public 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 also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in delivery-based futures contract in gold (1 kg) and silver (30 kg).

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.


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