BSE Limited Earnings Summary — Q4 FY2026

• Delivered record-high quarterly revenue of ₹1,564 Cr, driven by the successful scaling of the derivatives segment.
• Operating Profit Margin (OPM) reached a peak of 67% in Q4 FY26, reflecting massive operating leverage.
• Net Profit surged to ₹795 Cr for the quarter, a nearly 61% increase compared to the same quarter last year.
• BSE has successfully broken the competitor's monopoly in derivatives through the relaunch of Sensex and Bankex contracts.
• The balance sheet remains exceptional with zero debt and a significant increase in reserves and fixed assets.
• Return on Equity (ROE) has improved dramatically, exceeding 45% on an annual basis.
• Technological leadership maintained with execution speeds as low as 6 microseconds.

Management is focused on brand consolidation following the renaming of its clearing arm to BSE Clearing Limited and aims to capitalize on the increasing financialization of the Indian economy.

Improving

Transition from a listing-fee dependent model to a high-volume transaction powerhouse is yielding exponential profit growth.

The outlook remains highly positive as the exchange continues to capture market share in the derivatives segment and benefits from the explosive growth of the StAR Mutual Fund platform.