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HDFC Securities: BSE Posts Strong Operational Q2 Performance 

HDFC Securities: BSE Posts Strong Operational Q2 Performance

A person looks at a screen and electronic ticker board show outside the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
A person looks at a screen and electronic ticker board show outside the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Report

Bombay Stock Exchange Ltd. posted better-than-expected revenue and operational performance.

Revenue growth of 21.5/15.2% QoQ/YoY was led by improvement in core revenue (cash transaction up 51.8% QoQ) and higher listing fee (up 20.7% QoQ).

Ebitda margin improved to 17.8% versus down 7.8% QoQ (highest in the past nine quarters) due to the rise in revenue and a decline in fixed cost (down 7.2% QoQ).

The Star Mutual Fund platform witnessed strong growth (up 67% YoY), but the fall in realisation impacted revenue in Q2, which should normalise from Q3 onwards.

Click on the attachment to read the full report:

HDFC Securities - BSE Q2FY21 Results Review.pdf

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