BSE shares gain over 11% after Q1 PAT jumps 7.4 times; stock has gained 176% in 1 year

BSE  shares in early trade on Thursday gained up to 11 per cent to day's high price of Rs 2657 after posting stellar Q1 earnings. For the reporting quarter, the company's adjusted profit jumped 7.4 times to Rs 265 crore. The company's consolidated revenue from operations during the review period logged 2.6 times growth and was recorded at Rs 671 crore. The same was Rs 215.62 crore in the previous quarter last year.

The company's highest revenue stream during the review period was accounted by the transaction charges which increased from Rs 25,520 lakh in March quarter to Rs 36,630 lakh in the review period.

BSE for the June quarter reported a consolidated EBITDA of Rs 350 crore, around 3 times higher than that recorded in the same period last year. The company's consolidated EBITDA during Q1FY24 was at Rs 125.7 crore.

The exchanges's margin took a sharp leap and was recorded at 47 per cent as against 20 per cent in the previous quarter.

As of the June ended quarter, the top shareholders of the country's oldest exchange are LIC, Nippon India, Tata AIA, Mukul Agarwal and Invesco India Midcap Fund among others.

The consensus recommendation from 7 analysts for the stock is 'buy', with 4 of them signalling a 'strong buy' on the scrip.