| Revenue growth | H1 consolidated revenue +49% YoY to ₹3,257 Cr; no Q2 split. |
|---|---|
| Margins | EBITDA margin 67% vs 64% YoY; mgmt calls 65-70% sustainable, conditionally. |
| Demand visibility | Mixed: FPI outflows hurt equity; IPO pipeline of 150+ companies strong. |
| Management confidence | Over-optimistic; 'highest ever' claims amid sequential declines. |
Growth
Revenue +49%, transaction charges +60% versus opex +36%, showing operating leverage. Q2 index options ADTV fell 24% QoQ.
Outlook
No quantified forward guidance. 150+ companies in IPO pipeline targeting ₹1.5 lakh Cr. MSCI-linked derivatives awaiting regulatory approval.
Risks
Cash market share still below double digits; equity volumes down sequentially; FPI outflows; bank guarantee impact unquantified; tariff revisions deferred.
Earnings Call Transcript filed with NSE, NSE: BSE. Summary written with AI assistance from the document.
BSE Ltd: key numbers
- Share price
- ₹3,601.50
- Market cap
- ₹1,46,267 Cr
- Revenue (annual)
- ₹5,124 Cr
- Net profit (annual)
- ₹2,497 Cr
- P/E (TTM)
- 51.7×Sector 19.4×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 17.10%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from BSE Ltd
All →BSE Investor Presentation: Key Takeaways
H1 FY27 consolidated revenue from operations ₹2,999 Cr (+48% YoY), attributable PAT ₹1,683 Cr (+53%), EBITDA margin 67%. No explicit guidance; growth driven by transaction charges.
BSE Q2 FY27 Results: Net Profit ₹807.5 Cr, Up 45.0% YoY
BSE Ltd reported revenue from operations of ₹1,541 Cr (+35.9% YoY) and net profit of ₹807.5 Cr (+45.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹807.5 Cr · +45.0% YoY
BSE Management Change
BSE Limited disclosed SEBI's approval for Shri Ashutosh Singh's appointment as Executive Director for Vertical 3 (Business). The appointment is effective upon joining, subject to shareholder ratification.
BSE Other Announcement
BSE Limited has received an ESG rating of 70 and a Core ESG rating of 72 from NSE Sustainability Ratings & Analytics. The rating was independently prepared for FY 2025-26.
BSE Board Meeting Date
BSE Limited will hold a board meeting on November 4, 2026, to consider and approve its standalone and consolidated unaudited financial results for the half-year ended September 2026.
BSE Regulatory Approval
BSE Limited has received SEBI approval for the re-appointment of Shri Jagannath Mukkavilli as a Non-Independent Director, following prior shareholder approval at the AGM.