BSE Ltd delivered stellar financial performance in the third quarter of fiscal year 2026, with consolidated net profit surging 174 per cent year-on-year to Rs 603 crore. This significant jump from the Rs 220 crore reported in the same period last year highlights the exchange's rapid scaling, further evidenced by a 12 per cent sequential growth from the September quarter. The bottom-line strength was matched by a net profit margin expansion, which climbed to 45 per cent from 26 per cent in the previous year.
The exchange's revenue for the quarter rose 62 per cent to Rs 1,244 crore, a substantial increase from the Rs 768.1 crore recorded in Q3 FY25. This growth was primarily fueled by transaction charges, which skyrocketed to Rs 952 crore compared to Rs 511 crore a year ago. Operating EBITDA, including the Core Settlement Guarantee Fund, tripled to Rs 732 crore, reflecting an operating margin of 59 per cent as the exchange benefited from increased market activity and operational efficiencies.
A major catalyst for this growth was the equity derivatives segment, where the options average daily notional turnover doubled year-on-year to Rs 210 lakh crore. Total options revenue for BSE saw a massive 122 per cent increase, reaching Rs 784 crore during the quarter. Furthermore, the index derivatives business achieved a record average daily premium turnover of Rs 19,459 crore, bolstered by the rising popularity of Sensex index options among market participants.
The exchange also maintained its dominance in the fundraising and mutual fund distribution spaces. During the quarter, 99 new equity listings were added across the main and SME boards, helping companies raise a total of Rs 97,657 crore. The BSE StAR MF platform continued its upward trajectory, with transaction volumes growing 21 per cent year-on-year to 21.7 crore, processing a record 7.97 crore transactions in January 2026 alone and holding a dominant market share of 87.4 per cent.
Beyond core trading, BSE's various subsidiaries and service arms showed consistent progress. Revenue from services to corporates grew to Rs 156 crore, while the clearing subsidiary, ICCL, handled an equity derivatives premium turnover of Rs 12.57 lakh crore. Additionally, BSE Index Services expanded its portfolio to over 200 indices, supporting a passive AUM of Rs 2.7 lakh crore. These diversified revenue streams, combined with a nine-fold increase in trades-per-second capacity, position the exchange for sustained technological and financial growth.
The company has a market cap of over Rs 1.3 lakh crore. A public shareholder based in Dubai, Siddharth Balachandran, holds a 2.65 per cent stake, or 1,08,00,000 shares, in the company. In just 1 day, Siddharth Balachandran gains Rs 2,15,02,80,000 (1,08,00,000 shares x Rs 199.10 per share gain today). On Tuesday, shares of BSE Ltd jumped 6.7 per cent and made a 52-week high of Rs 3,184.2 per share, and the stock is up by 70 per cent in 1 year with multibagger returns of 1,800 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.
Siddharth Balachandran holds 2.65% stake: BSE Q3 Results; Net profit triples to Rs 603 crore