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BSE Ltd

Q2 FY26Capital Markets

BSE Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price3,241
Market cap₹1.4L Cr
P/E49.6
Updated23 Aug 2026
Read4 min read

The short version

BSE expects continued strong growth in transaction-related income, especially from derivatives and listing-related income supported by record fundraising activity. - Average daily premium turnover in the index derivative segment has sustained growth with over Rs. BSE achieved record quarterly revenue of Rs.

From BSE Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • BSE expects continued strong growth in transaction-related income, especially from derivatives and listing-related income supported by record fundraising activity.
  • Average daily premium turnover in the index derivative segment has sustained growth with over Rs. 15,000 crores reported.
  • Revenues from co-location services are rising quickly, driven by increased utilization and revised charges, indicating further growth potential.
  • Mutual Fund Distribution platform (BSE StAR MF) is delivering record revenues and increased transaction volumes, pointing to growth in this segment.
  • Subsidiary businesses such as BSE Clearing House (ICCL) show strong growth, with equity settled turnover and derivatives contracts surging significantly.
  • Passive products tracking BSE indices have crossed Rs. 2.5 lakh crores in AUM, reflecting expanding product adoption.

2 more points management made on revenue & sales performance

Profitability & Margins

See what BSE Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • BSE has made a significant capital expenditure of over Rs. 300 crores in the last six months, focusing on physical infrastructure, trading infrastructure, and technology infrastructure such as buildings, co-location facilities, servers, and disaster recovery systems. (Page 19-20)
  • This Rs. 313 crore capex is noted as a large and pivotal investment to support BSE's significant growth over the last three years. (Page 19-20)
  • Additional investments are planned, with expectations of expanding co-location racks by another 70 to 90 by the year-end. The total racks are projected to reach around 500, equivalent to 650-700 in 6 KVA terms, enhancing trading infrastructure capacity. (Page 15)

2 more points management made on capital expenditure plans

Top-ranked in Capital Markets

Ranked on what management guided this quarter

5x potential
1Billionbrains
Rev 2Mar 3
2Nippon Life Ind.
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what BSE Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript and pages from BSE Limited's conference call do not contain specific information regarding the current or expected order book or pending orders. The discussions primarily focus on: - Financial performance, growth in revenue, and operational highlights. - Capital expenditure and infrastructure investments. - Market share gains in derivatives. - Updates on co-location revenues and technology upgrades. - Details on clearing corporation's capacity enhancements. - Contributions to the Settlement Guarantee Fund (SGF).

2 more points management made on order book & pipeline

BSE Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.6K Cr, net profit ₹795 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were BSE Ltd Q2 FY26 results?

BSE expects continued strong growth in transaction-related income, especially from derivatives and listing-related income supported by record fundraising activity. - Average daily premium turnover in the index derivative segment has sustained growth with over Rs. BSE achieved record quarterly revenue of Rs.

What is BSE Ltd share price analysis?

BSE Ltd currently shows a neutral. The stock trades at a P/E of 49.6 with a market cap of ₹140,396 Cr. Investors should review the full earnings analysis for detailed insights.

Is BSE Ltd planning capital expenditure?

BSE has made a significant capital expenditure of over Rs.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.