BSE (BSE) Q3 25/26 earnings summary

Executive summary

• Delivered 11th consecutive quarter of record revenues, with consolidated revenues of INR 1,334 crores for Q3 FY2026, up 62% year-over-year, and cumulative nine-month revenues surpassing the previous full fiscal year.

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

• Market capitalization of listed companies reached $5.3 trillion, with over 238 million registered investors and significant pan-India reach.

• Unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025, were approved by the Board on February 9, 2026.

• Net profit more than doubled to INR 602 crores from INR 220 crores, a 176% year-on-year increase, reflecting strong operational resilience and execution.

Financial highlights

• Consolidated revenue for 9M FY26 was Rs. 35,179 million, with EBITDA at Rs. 22,854 million and net profit at Rs. 16,918 million.

• Operational revenues rose 62% to INR 1,244 crores; transaction charges up 86% to INR 953 crores; other operating income up 56% to INR 92 crores.

• Consolidated total income for Q3 FY26: ₹1,33,395 lakhs, up from ₹1,13,953 lakhs in Q2 FY26 and ₹82,935 lakhs in Q3 FY25.

• Operating EBITDA more than tripled to INR 732 crores, with margins expanding to 59% from 39% year-over-year.

• Net margin stood at 48% for 9M FY26, and consolidated EPS was Rs. 40.97.

Outlook and guidance

• Strategic focus remains on broadening market participation, enhancing technology, and supporting capital formation.

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

• Healthy IPO pipeline, sustained retail flows, and expanding adoption of trading and clearing platforms position the company for continued growth.