BSE (BSE) Q2 25/26 earnings summary

Executive summary

• Achieved record quarterly revenue for the tenth consecutive quarter, reaching INR 1,139 crore, up 40% year-over-year, driven by strong transaction-related and listing income.

• Celebrated 150 years with a diversified business model and strong leadership across equity, derivatives, mutual funds, and corporate services.

• Maintained leadership in equity listings with a robust pipeline, especially in technology and SME sectors, and strong daily trading volumes across cash, derivatives, and mutual fund platforms.

• Retail and domestic institutional investors continued to show strong confidence, offsetting significant FII outflows in 2025.

• Unaudited consolidated and standalone financial results for the quarter and six months ended September 30, 2025, were approved by the Board on November 11, 2025.

Financial highlights

• Consolidated revenue for H1 FY26 reached Rs. 21,840 million, with net profit at Rs. 10,833 million and EBITDA at Rs. 13,058 million.

• Operational revenues grew 44% year-over-year to INR 1,068 crore; transaction charges rose 57% to INR 794 crore.

• Net profit after tax for Q2 FY26 stood at ₹55,702 lakh, compared to ₹34,448 lakh in Q2 FY25.

• Other operating income increased 82% to INR 93 crore; operating expenses rose 7% to INR 410 crore.

• Treasury income from clearing and settlement funds declined 32% to INR 42 crore.

Outlook and guidance

• Strong IPO pipeline and continued retail participation expected to sustain growth.

• Focus on increasing market share across all segments, leveraging innovation, and expanding digital and platform services.

• Ongoing investments in data centers, connectivity, and product development to drive future expansion.

• Strategy remains focused on customer-centricity, governance, and operational resilience.