BSE Q3FY26 Results: Profit jumps 174% on higher trading volumes, strong revenue growth

BSE Q3FY26 Results: India’s oldest stock exchange, BSE, reported a sharp 174 per cent year-on-year jump in consolidated net profit for the December quarter, supported by strong trading activity and higher operating income. The exchange posted a net profit of Rs 602 crore in Q3FY26, compared with Rs 220 crore in the same period last year. The profit after tax (PAT) is attributable to the shareholders of the holding company.

Revenue hits all-time high

Total revenue for the quarter stood at an all-time high of Rs 1,334 crore, registering a 61 per cent increase year-on-year. Revenue from operations rose 62 per cent to Rs 1,244 crore, supported by strong momentum across listings, derivatives and mutual fund platforms.

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On a sequential basis, revenue increased 16 per cent quarter-on-quarter, reflecting sustained market activity during the October–December period.

Margins expand on operating leverage

Lower operating expenses and higher realisations lifted profitability. Consolidated operating EBITDA, including core SGF, more than tripled to Rs 732 crore in Q3FY26 from Rs 236 crore a year ago. EBITDA margin expanded sharply to 59 per cent from 31 per cent in the corresponding quarter last year.

Listings and derivatives drive growth

During the quarter, BSE welcomed 99 new equity listings across the mainboard and SME platform, raising Rs 97,657 crore, underlining the strength of its capital-raising ecosystem.

In the trading segment, BSE set a new record by trading 772 crore equity derivatives contracts in Q3FY26, generating Rs 784 crore in revenue. Cash market volumes also remained healthy, aided by wider participation and product expansion.

StAR MF and clearing business remain strong

The BSE StAR MF platform continued its strong run, with total transactions rising 21 per cent year-on-year to 21.7 crore, maintaining a dominant market share.

Clearing subsidiary ICCL reported robust performance during the quarter, supported by higher equity and derivatives turnover and upgrades to processing and risk-management capabilities.

Management commentary

Commenting on the performance, BSE’s Managing Director and CEO said the strong results reflect growing confidence in the exchange’s platforms, record SME listings and rising participation across market segments. He added that BSE will continue to focus on innovation, technology excellence and market development as India’s capital markets deepen and expand.