BSE declares a Final Dividend of Rs 21 per equity share of Rs 2 each for FY2020-21. BSE Ltd. (BSE), Asia’s oldest and first universal exchange and World’s fastest exchange with a speed of 6 microseconds, announced its audited consolidated and standalone financial results for the quarter ended and year end March 31, 2021.
The Board of directors of BSE Limited has recommended a final dividend of Rs 21 per equity share having face value of Rs 2 for the financial year 2020-21, subject to the approval of the shareholders in the ensuing annual general meeting. The total payout with a dividend payout ratio of 99% of the current year profits would be Rs 96.19 crore.
Business Highlights
Primary Markets
In financial year 2020-21, while the global economy faced adversities due to the pandemic, the various issuers raised over Rs. 3.65 lakh crores through 755 issues on BSE Bond platform. BSE BOND platform continues to be the preferred choice by India Inc to raise debt capital through private placements, structured instruments, public issues and also by Municipal Corporations for issuing Municipal Bonds. Various issuers also raised more than 1.33 lakh crores through IPOs, Preferential and Rights issues during the financial year 2020-21. The above is in addition to over Rs. 16.06 lakh crore of private placed debts and commercial papers listed on BSE during the financial year 2020-21. It is encouraging to see how Indian Investors have shown faith in investing funds in Indian corporate sector through BSE platforms. BSE continues to be the preferred exchange for investments in India. The total number of investors registered with BSE have been consistently growing and currently they stand over 6.77 crores.
Equity Cash Segment
BSE is seeing increasing participation from high frequency traders. Further, enablement of best price execution by certain large broking houses has also resulted in the increased turnover in our equity cash segment. With BSE’s superior technology and customer friendly frontend software, the average daily turnover in the equity cash segment increased by 57% from Rs. 2,676 crore in financial year 2019-20 to Rs. 4,197 crore in financial year 2020-21. The same is also reflected in the Company’s strong operational performance in the current period.
Equity Derivatives Segment
In financial year 2020-21, BSE witnessed significant growth in turnover in its Equity Derivatives Segment. The launch of Sensex 50 contracts with a differentiated expiry date from 29th June, 2020 has attracted a lot of attention and interest from the market participants. It has been the primary reason for growth in BSE’s market share in equity derivatives segment from 0.1% in financial year 2019-22 to 5.2% for the financial year 2020-21. The average daily turnover in Equity derivatives segment for March 2021 quarter was Rs. 2.78 lakh crore.
Commodity Derivatives Segment
BSE is India’s second largest Commodity Derivatives Exchange in India and offers a wide gamut of products across agri and non-agri segments. Keeping up with its spirit of innovation and to meet market requirements, BSE was the first exchange to launch ‘Options in Goods’ contracts in Gold mini and Silver kg based on spot prices from June 1, 2020. It has completed nine consecutive months of physical deliveries at the exchange designated vaults in Ahmedabad and Gujarat. The average daily turnover in the Commodity Derivatives segment is steadily rising. The average daily turnover in Commodity Derivatives segment for the year ended 31st March, 2021 was Rs 2,392 crore.
Currency Derivatives Segment
The Currency Derivatives Segment continues to provide a very liquid platform for trading in currencies. The average daily turnover in our Currency Derivatives Segment for the year ended 31st March, 2021 was Rs 20,913 crore. BSE’s market share in this segment for financial year 2020-21 was 29.6%.
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