SEBI approves Subhasis Chaudhuri’s appointment as BSE governing board chairman

“We hereby inform that the Board at its meeting held on November 12, 2024, considered and approved the appointment of Subhasis Chaudhuri, Public Interest Director as the Chairman of the Governing Board, subject to the approval of the Securities and Exchange Board of India (SEBI),” BSE said in a stock exchange filing.
The appointment follows the approval by the BSE board on November 12, 2024, and was contingent upon SEBI’s consent.
BSE reported a 187.8% year-on-year (YoY) jump in net profit at ₹346.8 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, BSE posted a net profit of ₹120.5 crore, the company said in a regulatory filing.
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Revenue from operations zoomed 137.3% to ₹746.3 crore against ₹314.5 crore in the year-ago period. BSE’s topline growth for Q2 was primarily driven by transaction charges and services provided to corporates. EBITDA exceeded expectations, supported by lower-than-anticipated operating expenses.
The company saw reduced employee expenses and regulatory contributions, alongside a notable 14% quarter-on-quarter (QoQ) decline in other expenses, contributing to the favourable EBITDA performance.
The BSE recorded its best half-year revenue and profit of ₹1,493 crore and ₹610 crore, respectively, the exchange’s MD and CEO Sundararaman Ramamurthy said. The average daily turnover in the equity cash segment for the second quarter of FY25 rose to ₹9,768 crore from ₹5,922 crore in the same quarter last year.
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The average daily premium turnover in the equity derivatives segment for Q2 FY25 was at ₹8,203 crore compared to ₹768 crore in the same quarter last year. BSE StAR MF delivered a 100% YoY growth in revenue to ₹58.7 crore.
Shares of BSE Ltd ended at ₹4,719.95, up by ₹24.80, or 0.53%, on the BSE.
(Edited by : Shoma Bhattacharjee)