BSE Q2 Results: Net Profit Drops 7.4% To ₹809 Crore Sequentially, Revenue Declines 8.5% Even As Operating Margins Hold Firm

Mumbai: BSE Ltd reported a 7.4 per cent sequential decline in consolidated net profit to Rs 809.15 crore for the September quarter (Q2 FY27), compared with Rs 874.02 crore in the preceding quarter. Revenue and operating earnings also moderated, although margins remained largely stable.

Revenue Declines

Revenue from operations declined 8.5 per cent quarter-on-quarter (QoQ) to Rs 1,432.6 crore from Rs 1,566.02 crore in the June quarter.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) dropped 8.2 per cent to Rs 984 crore from Rs 1,071.9 crore.

However, the EBITDA margin improved marginally to 68.7 per cent from 68.45 per cent, indicating broadly stable operating profitability despite lower revenue.

Annual Growth

Despite sequential weakness, BSE delivered strong year-on-year (YoY) growth across major financial indicators.

Net profit surged 44.9 per cent from Rs 558.43 crore in the corresponding quarter last year, while revenue increased 34.1 per cent from Rs 1,068.4 crore.

EBITDA climbed 42.4 per cent from Rs 690.9 crore, while operating margins expanded from 64.66 per cent to 68.7 per cent, reflecting improved annual profitability.

Share Performance

Ahead of the earnings announcement, BSE shares closed at Rs 3,601.50 on the National Stock Exchange (NSE) on Wednesday, declining Rs 64.20, or 1.75 per cent.

Leadership Appointment

BSE's board approved the appointment of Ashutosh Singh as Executive Director – Business (Vertical 3), effective November 30, 2026.

The five-year appointment remains subject to shareholder ratification.

Expansion Plans

Separately, BSE accepted an offer from the Mumbai Metropolitan Region Development Authority (MMRDA) for a land parcel at Bandra Kurla Complex (BKC).