Avg. Premium turn over for May month is 15 cr. which translates 1.42Lac revenue & for June is 111.14 cr. which translates 11.66 Lac revenue for June month.
Majority brokers have not enable BSE derivatives. Now NSE is not going to compete on Friday, we can safely assume that volumes will jump atleast 10X once all brokers allow it. Even at June’s turnover rate, quarterly 30 Lac additional revenue will be generated. So, after 10X volume, even at 1/10th fees of NSE, BSE can deliver 3 cr. additional revenue quarterly. Although SGF cost will also rise but majority of this revenue will transalate directly in profit.
1 more thing – From April, BSE has discontinue LES (liqidity Enhanement Scheme) which will directly increase it’s EPS by 10% bcoz they were spending approximately 8cr./quarter on it. Effect of this will be visible in Q1 result.
Also whatever turnover we are seeing, half of that is from Prop. Need to check whether they are getting same revenue from Prop or they are just market maker & BSE is not getting any revenue from there.
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