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07May 25
BSE Reports Stellar Q4 Performance: Net Profit Surges 358% YoY
BSE announced impressive Q4 FY2024 results with net profit soaring 358% to ₹4.90 billion and revenue up 74% to ₹8.50 billion year-over-year. The exchange declared a dividend of ₹18.00 per share plus a special dividend of ₹5.00. Despite strong Q4 performance, annual figures for FY2024 show declines across key metrics compared to FY2023, with revenue down 26.28% and net profit falling 35.22%.
The Bombay Stock Exchange (BSE) is launching a new block deal window for T+0 settlement cycle securities on May 02. This feature allows same-day settlement for large trades, potentially affecting major stocks like Reliance Industries Limited (RIL). The new system could increase liquidity, reduce settlement risk, and enhance market efficiency for RIL and other eligible securities. This development marks a significant advancement in India's stock market operations, aligning it with global best practices.