BSE Shares Jump 9% After Strong Q4 Results and ₹15 Dividend Announcement

The Bombay Stock Exchange (BSE) had a great day in the stock market. Its share price went up by almost 9% after the company shared its earnings report for the January–March quarter and announced a dividend of ₹15 per share for its investors.

Big Profits in the Last Three Months

In the last quarter (January to March 2024), BSE made a profit of ₹107 crore, which is about 21% more than what it earned during the same time last year. The company’s revenue — basically the money it made from its business — more than doubled, jumping from ₹227 crore to ₹488 crore.

One big reason for this was the huge increase in the money BSE earned from transactions — that’s the fees collected when people buy or sell shares. This part of the business grew over 300%! BSE also earned more from helping companies with things like listing their shares and corporate services.

Full-Year Results Look Even Better

Looking at the entire financial year (April 2023 to March 2024), BSE made a profit of ₹411 crore — almost double what it earned the year before. Its total revenue for the year was ₹1,618 crore, a sharp rise from ₹954 crore in the previous year.

The company also did a good job controlling its costs, which helped it earn more from every rupee of revenue. Overall, it’s been one of BSE’s best-performing years in recent memory.

₹15 Per Share Dividend Announced

Along with the good news on profits, BSE also announced that it will pay ₹15 per share to its shareholders as a dividend. That’s a nice reward for people who own the company’s stock.

If you own BSE shares and want to get this dividend, make sure you have them before June 14, 2024. The company will send out the payments by August 13, 2024.

Investors Cheer, Stock Price Shoots Up

After all this news came out, investors rushed to buy BSE shares. As a result, the stock price jumped to ₹2,815 on May 8 — nearly 9% higher than the previous day. That’s a strong reaction and shows that investors are happy with how the company is doing.

Some experts also say that BSE’s plans to bring back some of its older trading products — especially in derivatives — could help the company grow even more in the coming months.

What This Means

In simple terms, BSE had a great quarter and an even better year. It made more money, gave out a solid dividend, and left investors feeling optimistic about its future. That’s why the stock price went up so quickly.

For now, BSE seems to be on a strong path, and many people in the market are paying close attention to what it does next.