BSE Q4FY26 Audited Results: Net Profit ₹79,547 Lakhs; EBITDA Margin at 71.83%
BSE reported strong Q4FY26 audited results with consolidated net profit of ₹79,547 lakhs and revenue of ₹1,56,351 lakhs, reflecting robust YoY growth. EBITDA margin expanded to 71.83% from 65.5%, while full-year consolidated net profit reached ₹2,48,725 lakhs. A final dividend of ₹10/- per share was declared, with the AGM scheduled for August 19, 2026, and results were published in Financial Express and Navshakti on May 8, 2026 per Regulation 47.
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BSE reported its audited financial results for the quarter and financial year ended March 31, 2026, approved by the Board of Directors at its meeting held on May 7, 2026. On a consolidated basis, the exchange posted a net profit from total operations of ₹79,547 lakhs for Q4FY26, compared to ₹49,367 lakhs in Q4FY25. Revenue from operations for the quarter stood at ₹1,56,351 lakhs versus ₹84,664 lakhs in the corresponding quarter of the previous year, reflecting strong business momentum. The statutory auditors, S.R. Batliboi & Co. LLP, issued an unmodified opinion on both the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, BSE also filed an intimation confirming publication of the audited financial results in Financial Express (English) and Navshakti (Marathi) on May 8, 2026.
Q4FY26 Consolidated Financial Performance
BSE's consolidated financials for Q4FY26 showed broad-based growth across income, profitability, and operating efficiency metrics. Total income for the quarter rose to ₹1,63,017 lakhs from ₹92,638 lakhs in Q4FY25. Profit before tax came in at ₹1,06,345 lakhs for Q4FY26, compared to ₹65,910 lakhs in Q4FY25. Q4 EBITDA stood at 11.2b rupees versus 5.5b rupees in Q4FY25, with the EBITDA margin expanding to 71.83% from 65.5% year-on-year. Total comprehensive income for the quarter was ₹81,589 lakhs versus ₹49,133 lakhs in the year-ago period. The Group operates in a single business segment — facilitating trading in securities and other related ancillary services.
The following table summarizes key consolidated income statement metrics on a quarterly and full-year basis:
| Metric: | Q4FY26 | Q3FY26 | Q4FY25 | FY26 | FY25 |
|---|---|---|---|---|---|
| Revenue from Operations (₹ Lakhs): | 1,56,351 | 1,24,410 | 84,664 | 4,83,395 | 2,95,734 |
| Total Income (₹ Lakhs): | 1,63,017 | 1,33,395 | 92,638 | 5,14,810 | 3,23,631 |
| Total Expenses (₹ Lakhs): | 55,694 | 51,116 | 39,227 | 1,83,742 | 1,48,063 |
| Profit Before Tax (₹ Lakhs): | 1,06,345 | 79,533 | 65,910 | 3,29,914 | 1,74,827 |
| Net Profit from Total Operations (₹ Lakhs): | 79,547 | 59,659 | 49,367 | 2,48,725 | 1,32,232 |
| Total Comprehensive Income (₹ Lakhs): | 81,589 | 60,349 | 49,133 | 2,52,469 | 1,32,733 |
| Basic & Diluted EPS – Total Operations (₹): | 19.35 | 14.61 | 12.00 | 60.61 | 32.18 |
EBITDA Performance
The following table highlights BSE's EBITDA performance on a year-on-year basis for Q4:
| Metric: | Q4FY26 | Q4FY25 |
|---|---|---|
| EBITDA (Rupees): | 11.2b | 5.5b |
| EBITDA Margin (%): | 71.83% | 65.5% |
Standalone Financial Performance
On a standalone basis, BSE reported total income of ₹1,58,334 lakhs for Q4FY26, compared to ₹86,721 lakhs in Q4FY25. Profit before tax for the quarter stood at ₹1,04,926 lakhs versus ₹52,031 lakhs in the year-ago quarter. Profit for the period was ₹79,905 lakhs against ₹39,731 lakhs in Q4FY25. For the full year FY26, standalone profit stood at ₹2,33,416 lakhs compared to ₹1,11,245 lakhs in FY25. The standalone results include an exceptional item of ₹1,590 lakhs representing profit on divestment of BSE Institute Limited, completed in May 2025, with a related tax of ₹249 lakhs.
| Metric: | Q4FY26 | Q3FY26 | Q4FY25 | FY26 | FY25 |
|---|---|---|---|---|---|
| Revenue from Operations (₹ Lakhs): | 1,46,803 | 1,15,297 | 76,308 | 4,46,951 | 2,60,643 |
| Total Income (₹ Lakhs): | 1,58,334 | 1,23,027 | 86,721 | 4,83,634 | 2,91,275 |
| Profit Before Tax (₹ Lakhs): | 1,04,926 | 73,609 | 52,031 | 3,08,721 | 1,47,516 |
| Profit for the Period (₹ Lakhs): | 79,905 | 55,230 | 39,731 | 2,33,416 | 1,11,245 |
| Basic & Diluted EPS – After Exceptional Item (₹): | 19.40 | 13.41 | 9.64 | 56.66 | 27.00 |
Consolidated Balance Sheet Highlights
As at March 31, 2026, BSE's consolidated total assets stood at ₹13,44,614 lakhs, up from ₹10,34,165 lakhs as at March 31, 2025. Total equity (including non-controlling interest) rose to ₹6,79,550 lakhs from ₹4,57,570 lakhs. Cash and cash equivalents as per the consolidated balance sheet were ₹1,67,159 lakhs, while cash and cash equivalents as per the statement of cash flows stood at ₹1,64,642 lakhs at year end. On a standalone basis, total assets stood at ₹7,52,207 lakhs as at March 31, 2026, compared to ₹4,96,359 lakhs in the prior year, with total equity at ₹5,76,653 lakhs.
| Balance Sheet Item: | March 31, 2026 (₹ Lakhs) | March 31, 2025 (₹ Lakhs) |
|---|---|---|
| Consolidated Total Assets: | 13,44,614 | 10,34,165 |
| Consolidated Total Equity (incl. NCI): | 6,79,550 | 4,57,570 |
| Core Settlement Guarantee Fund: | 1,24,683 | 1,13,260 |
| Consolidated Total Non-Current Liabilities: | 3,332 | 1,872 |
| Consolidated Total Current Liabilities: | 5,37,049 | 4,61,463 |
| Standalone Total Assets: | 7,52,207 | 4,96,359 |
| Standalone Total Equity: | 5,76,653 | 3,74,764 |
Consolidated Cash Flow Summary
For the year ended March 31, 2026, BSE generated net cash of ₹3,10,368 lakhs from operating activities on a consolidated basis, compared to ₹41,015 lakhs in the prior year. Net cash used in investing activities was ₹2,73,967 lakhs, while net cash used in financing activities stood at ₹30,370 lakhs. Net increase in cash and cash equivalents from total operations was ₹12,226 lakhs for the year. On a standalone basis, net cash generated from operating activities was ₹2,65,193 lakhs, with net cash used in investing activities of ₹2,28,266 lakhs and net cash used in financing activities of ₹31,585 lakhs.
| Cash Flow Item: | FY26 – Consolidated (₹ Lakhs) | FY25 – Consolidated (₹ Lakhs) |
|---|---|---|
| Net Cash from Operating Activities: | 3,10,368 | 41,015 |
| Net Cash Used in Investing Activities: | (2,73,967) | (76,723) |
| Net Cash Used in Financing Activities: | (30,370) | (20,599) |
| Net Increase/(Decrease) in Cash & Equivalents (Total Ops): | 12,226 | (55,019) |
| Cash & Cash Equivalents – End of Year (Cash Flow Statement): | 1,64,642 | 1,52,416 |
Dividend Announcement and AGM
The Board of Directors recommended a final dividend of ₹10/- (Ten) per equity share of face value ₹2 each, subject to shareholder approval at the ensuing Twenty-First Annual General Meeting. The AGM is scheduled to be held on Wednesday, August 19, 2026, through Video Conferencing and Other Audio-Visual Means. Pursuant to Regulation 42 of the Listing Regulations, the record date for dividend eligibility is Friday, July 10, 2026, with payment to be made on or before Thursday, September 17, 2026, subject to applicable tax deductions.
| Parameter: | Details |
|---|---|
| Final Dividend per Share: | ₹10/- (face value ₹2 each) |
| AGM Date: | August 19, 2026 |
| Dividend Record Date: | July 10, 2026 |
| Dividend Payment Deadline: | On or before September 17, 2026 |
Corporate Notes and Regulatory Disclosures
Pursuant to the approval of shareholders through postal ballot, BSE allotted 27,46,52,718 bonus equity shares of ₹2/- each in a ratio of 2:1, with the record date being May 23, 2025. Consequently, the subscribed and paid-up equity share capital as on June 30, 2025 stood at ₹8,123 lakhs divided into 40,61,29,077 equity shares of ₹2/- each. Basic and diluted earnings per share for all periods presented have been adjusted and restated accordingly under Ind AS 33. The Group recognised an incremental gratuity expense of ₹1,301 lakhs on a consolidated basis (₹756 lakhs on a standalone basis) following the Government of India's announcement on November 21, 2025 of the implementation of four new Labour Codes. The Board has also accorded in-principle approval for the divestment of its holding in one of its associate companies, and is awaiting regulatory approval, with relevant disclosures presented under Ind AS 105.
Pursuant to Regulation 46 and 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, BSE filed an intimation confirming the availability of the audio recording of the earnings conference call held on May 7, 2026, covering the financial results for the quarter and financial year ended March 31, 2026. Additionally, under Regulation 47 of the SEBI LODR Regulations, 2015, BSE filed an intimation on May 8, 2026 confirming publication of the audited financial results in Financial Express (English) and Navshakti (Marathi). The recording is available on the company's investor relations website at www.bseindia.com . The intimation was signed by Vishal Bhat, Company Secretary & Compliance Officer (ACS-41136). A declaration of unmodified audit opinion was separately filed by Deepak Goel, Chief Financial Officer. The results were signed on behalf of the Board of Directors by Sundararaman Ramamurthy, Managing Director & CEO.
| Parameter: | Details |
|---|---|
| Conference Call Date: | May 7, 2026 |
| Newspaper Publication Date: | May 8, 2026 |
| Newspapers: | Financial Express (English), Navshakti (Marathi) |
| Regulatory Reference: | Regulation 46, 30 & 47, SEBI LODR Regulations, 2015 |
| Results Period: | Quarter and financial year ended March 31, 2026 |
| Recording Availability: | BSE India Investor Relations Website |
| Signed By: | Vishal Bhat, Company Secretary & Compliance Officer |
| Audit Opinion: | Unmodified (S.R. Batliboi & Co. LLP) |
Key Highlights
- Consolidated net profit from total operations rose to ₹79,547 lakhs in Q4FY26 from ₹49,367 lakhs in Q4FY25
- Consolidated revenue from operations increased to ₹1,56,351 lakhs from ₹84,664 lakhs year-on-year
- Q4 EBITDA stood at 11.2b rupees versus 5.5b rupees in Q4FY25; EBITDA margin expanded to 71.83% from 65.5% YoY
- Full-year consolidated net profit stood at ₹2,48,725 lakhs versus ₹1,32,232 lakhs in FY25
- Standalone profit for the period was ₹79,905 lakhs in Q4FY26 against ₹39,731 lakhs in Q4FY25
- Consolidated operating cash flow surged to ₹3,10,368 lakhs in FY26 from ₹41,015 lakhs in FY25
- Final dividend of ₹10/- per share declared; record date set for July 10, 2026
- Twenty-First AGM scheduled for August 19, 2026
- Bonus shares allotted in 2:1 ratio; EPS figures restated for all periods
- Results published in Financial Express and Navshakti on May 8, 2026 per Regulation 47
- Auditors S.R. Batliboi & Co. LLP issued unmodified opinion on both standalone and consolidated results
Historical Stock Returns for BSE
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.42% | +7.33% | +32.42% | +45.89% | +76.21% | +4,910.13% |
How might BSE sustain its near-doubling of revenue growth in FY27 given potential market volatility and increasing competition from NSE in derivatives and equity segments?
Which associate company is BSE seeking regulatory approval to divest, and how could the proceeds impact its capital allocation strategy and future dividend payouts?
How will the implementation of India's four new Labour Codes affect BSE's operating cost structure and EBITDA margins in the coming fiscal years?
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