Q3 2026 BSE Ltd Earnings Call Transcript
Key Points
- BSE Ltd (NSE:BSE) delivered its 11th consecutive quarter of record revenues, with consolidated revenues of INR1,334 crores, marking a robust 62% year-on-year expansion.
- The company's net profit more than doubled to INR602 crores, representing a significant year-on-year growth of 176%.
- BSE's operational revenues grew by 62% to INR1,244 crores, with transaction charges registering a substantial increase of 86%.
- The BSE SME platform achieved a milestone with the successful listing of its 700th SME company, reflecting the platform's growing depth and scale.
- BSE stAR MF platform saw a 14% year-on-year increase in revenues, with transaction volumes rising 21% to INR21.7 crores transactions in Q3 FY26.
- The global landscape has become more volatile with geopolitical tensions and trade uncertainties affecting global investor confidence.
- Operating expenses increased by 40% to INR511 crores, with 51% attributable to regulatory fees and clearing and settlement expenses.
- Employee expenses increased by INR22 crores due to the enactment of new labor codes, impacting overall cost structure.
- The increase in Securities Transaction Tax (STT) on futures could potentially impact the growth trajectory of BSE's derivatives segment.
- Challenges remain in gaining market share in the cash segment and improving institutional participation, as highlighted in the Q&A session.
Ladies and gentlemen, good day, and welcome to BSE Limited Q3 and FY26 investor conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Anand Sethuraman from BSE Limited. Thank you, and over to you, sir.
Good evening, everyone, and thank you so much, Danesh. A warm welcome to all of you for participating in Q3 FY 2026 earnings call for BSE. My name is Anand, and I'll be the host for the call. Today, we are joined by BSE's leadership team, consisting of Mr. Sundararaman Ramamurthy, Managing Director and CEO; Mr.
Deepak Goel, Chief Financial Officer; (inaudible) Officer; Mr. Sunil Ramrakhiani, Chief Business Officer; Mr. Viral Davda, Chief Technology Officer; Smt Radha Kirthivasan, Head of Listing and SME; Mr. Rudresh Kunde, Chief of Product Strategy and Policy; (inaudible), MD and CEO, ICL. Also present here are senior members of our Business Finance and Investor Relations team.
The results for the quarter ended
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
