BSE (BSE) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 delivered record consolidated revenues of Rs. 17,068 Mn, up 63% year-over-year, and net profit from continuing operations of Rs. 8,727 Mn, a 66% increase year-over-year, with robust operational performance and EPS of Rs. 21.22.

• Board approved unaudited consolidated and standalone financial results for Q1 FY27 and appointed new statutory auditors for a five-year term, subject to shareholder approval.

• Acquisition of additional equity in India International Bullion Holding IFSC Limited (IIBH), raising direct stake from 3.33% to 20%, making IIBH a direct associate.

• Indian capital markets showed resilience, with strong domestic institutional inflows offsetting foreign outflows and driving market recovery.

• Retail participation expanded, with investor accounts reaching 25.8 crores and 3.5 crore new accounts added in the past year.

Financial highlights

• Consolidated revenues rose to INR 1,707 crores (Rs. 17,068 Mn), up from INR 1,630 crores sequentially; operational revenues grew 63% year-over-year to INR 1,566 crores.

• Transaction charges increased 80% year-over-year to INR 1,328 crores (Rs. 13,277 Mn); other operating income rose 14% to INR 98 crores.

• Operating expenses increased 56% year-over-year to INR 520 crores, with 54% attributable to regulatory and clearing expenses; total operating expenses reached Rs. 5,368 Mn.

• Operating EBITDA grew 67% to INR 1,046 crores (Rs. 11,867 Mn), with margins expanding to 67%.

• Net profit attributable to shareholders surged 62% year-over-year to INR 873 crores (Rs. 8,727 Mn), with a net profit margin of 51%.

Outlook and guidance

• The main board IPO pipeline remains strong, with over 250 companies targeting INR 1.75 lakh crores in fundraising.

• Focus on expanding market share across all segments, launching innovative products, and ongoing digital transformation.

• Continued leadership in fund-raising and mutual fund distribution platforms, with efforts to deepen and broaden market participation.

• Confident in achieving a double-digit cash market share by early 2027.

• Continued focus on consolidating position in securities and ancillary services and expanding presence in bullion market infrastructure.