BSE Ltd
BSE Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management said on revenue, margins and capex.
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BSE Ltd Q4 FY25 key numbers
- Revenue
- BSE recorded its strongest year in FY 2025 with consolidated revenues of Rs. 3,236 crores, up 103% YoY.
As stated in BSE Ltd's Q4 FY25 earnings call transcript · published 8 Aug 2026. Reported figures, not investment advice.
The short version
BSE recorded its strongest year in FY 2025 with consolidated revenues of Rs. 3,236 crores, up 103% YoY. BSE recorded its strongest year in FY 2025 with consolidated revenues of Rs. 3,236 crores, up 103% YoY.
From BSE Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- BSE recorded its strongest year in FY 2025 with consolidated revenues of Rs. 3,236 crores, up 103% YoY.
- Transaction-related income and treasury income from clearing and settlement services are key revenue drivers.
- Equities and mutual fund business volumes have doubled in the last 2 years, showing strong growth momentum.
- Average daily equity turnover increased to Rs. 7,766 crores in FY 2025 from Rs. 6,622 crores the previous year.
- Sensex derivatives segment recorded highest-ever average daily premium turnover of Rs. 11,782 crores in the quarter.
- Mutual fund distribution transactions grew by 61% YoY to 66.3 crore transactions in FY 2025.
- BSE plans to expand market participation, develop products, and invest in data centers and enhanced connectivity.
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Profitability & Margins
See what BSE Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- BSE is continuing significant infrastructure building, including physical, technological, technical, and human resources aspects (talent acquisition, grooming, and retention) to ensure sustainability and resilience.
- Over Rs. 500 crores has been spent recently on technology and related infrastructure, which has already delivered returns exceeding the investment.
- The company is analyzing potential capital allocation methods for the Settlement Guarantee Fund (SGF) to move from ad hoc to periodic contributions, potentially requiring dedicated capital.
- BSE is committed to growing its subsidiary businesses, including Asia Index Private Limited, India INX, Hindustan Power Exchange, BSE E-Agricultural Markets (BEAM), and BSE Administration and Services Limited (BASL), involving strategic investments and partnerships.
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Top-ranked in Capital Markets
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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BSE Ltd — Quarterly revenue & net profit
BSE Ltd Q4 FY25 results — key figures
| ₹ Cr | Q4 FY25 | Q4 FY24 | YoY | Q3 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 847 | 539 | +57.1% | 768 | +10.3% |
| Operating profit (EBITDA) | 484 | 151 | +220.5% | 236 | +105.1% |
| Operating margin | 57% | 28% | +29 pp | 31% | +26 pp |
| Profit before tax | 660 | 154 | +328.6% | 288 | +129.2% |
| Net profit (PAT) | 494 | 107 | +361.7% | 219 | +125.6% |
| EPS (₹) | 12.17 | 2.64 | +361% | 5.41 | +125% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹1.6K Cr, net profit ₹873 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What BSE's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were BSE Ltd Q4 FY25 results?
BSE recorded its strongest year in FY 2025 with consolidated revenues of Rs. 3,236 crores, up 103% YoY. BSE recorded its strongest year in FY 2025 with consolidated revenues of Rs. 3,236 crores, up 103% YoY.
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 is continuing significant infrastructure building, including physical, technological, technical, and human resources aspects (talent acquisition, grooming, and retention) to ensure sustainability and resilience.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.