BSE shares fall 3% as provision for SEBI regulatory fees mars Q4 profitability

Excluding provision for SEBI fees, profit before tax came in at Rs 300 crore, 26% higher than the estimate by domestic brokerage firm . The opex came in 22% higher than the estimates at Rs 390 crore due to the provision of the said regulatory fee.

The report by the brokerage firm further emphasised that after the re-launch, (Sensex and Bankex) are witnessing significant traction from market participants. BSE has increased derivatives transaction charges with effect from 13th May 2024. Thus, the derivatives segment would see a strong .

Motilal has also raised its EPS estimates for BSE by 6%/10% for FY25/FY26 to factor in a higher-than-expected growth in , higher profitability in and a lower-than-expected clearing and settlement cost. They have maintained a ‘neutral’ stance on the stock, however, have increased the one-year target price to Rs 3,000.

Recently, SEBI had asked BSE to pay a regulatory fee to the former based on the annual turnover fee considering "notional value" in the case of the options contract along with the payment of differential regulatory fee for the past periods with the applicable interest of 15% per annum on the amount remaining unpaid or belatedly paid or short paid for every month of delay.

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