BSE Ltd (NSE:BSE)

Q1 2026 BSE Ltd Earnings Call Transcript

Aug 7, 2025 / 01:30 PM GMT

Release Date Price: ₹2442.2 (+2.29%)

Transcript

Key Points

Positve

BSE Ltd (NSE:BSE) reported its best quarterly financial performance ever with a top line of INR1,045 crores, marking a 59% increase in revenue compared to the previous year.
The company achieved a significant milestone by crossing 600 SME listings on its platform, raising a total of INR880 crores in July 2025 alone.
BSE Ltd (NSE:BSE) demonstrated strong growth in its derivatives market, with the highest ever average daily premium turnover of INR15,084 crores for the quarter.
The mutual fund distribution business, BSE StarMF, delivered record revenues, up 30% year on year, processing 18.3 crore transactions in Q1 FY 2026.
The company rebranded its subsidiary to BSE Index Services Private Limited, reinforcing the global trust and respect for the BSE brand.

Negative

Clearing and settlement expenses have declined, raising questions about the sustainability of cost management given the unchanged number of contracts traded.
Despite the strong financial performance, the equity cash volumes were impacted by economic fragility during the quarter.
There is uncertainty regarding the impact of new regulatory changes on option volumes, with potential implications for future trading activity.
The company faces challenges in building long-term contracts in the derivatives market, as it is a late entrant in this segment.
There is ongoing concern about the impact of regulatory expenses, which are difficult to model due to their variability and dependency on multiple factors.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BSEL.NS - BSE Ltd
Q1 2026 BSE Ltd Earnings Call
Aug 07, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the BSC Limited Q1 FI 26 earnings score.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded.

I now hand the conference over to Mr. Anand Sethuramma, head investor relations.

Thank you and over to you, sir.

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Unidentified_2 [2]
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