BSE Ltd Q2 FY27 results: what the company reported
BSE Limited, which runs a stock exchange, filed its unaudited results for the quarter ended 30 September 2026 (July to September 2026, called Q2 FY27) with NSE on the evening of 4 November 2026, after a board meeting held the same day.
Published 5 November 2026 · Potoos Research Services
In short. For July to September 2026, BSE Ltd reported consolidated revenue from operations of Rs 1,432.66 crore, up +34.1% from Rs 1,068.39 crore a year earlier. Consolidated net profit after tax was Rs 807.52 crore, up +45.0% from Rs 557.02 crore.
The numbers
The first two tables are consolidated, from the company’s statement of consolidated results. The filing reports in Rs lakh; we have divided each figure by 100 to show it in Rs crore. The change column is worked out by us from the filing’s own numbers.
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 1,432.66 | 1,068.39 | +34.1% |
| Total income (revenue, investment income and other income) | 1,550.54 | 1,139.53 | +36.1% |
| Profit before tax | 1,072.39 | 738.96 | +45.1% |
| Net profit after tax | 807.52 | 557.02 | +45.0% |
| Profit attributable to owners of the company | 809.15 | 558.43 | +44.9% |
| EPS, basic and diluted (Rs) | 19.64 | 13.56 | +44.8% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 2,998.68 | 2,026.34 | +48.0% |
| Total income | 3,257.26 | 2,183.98 | +49.1% |
| Profit before tax (continuing operations) | 2,236.05 | 1,440.36 | +55.2% |
| Net profit after tax (total operations) | 1,680.18 | 1,095.19 | +53.4% |
| Profit attributable to owners of the company | 1,683.17 | 1,097.84 | +53.3% |
| EPS, basic and diluted (Rs) | 40.86 | 26.65 | +53.3% |
The consolidated half-year net profit after tax (total operations) for April to September 2025 includes Rs 11.95 crore from a discontinued operation linked to the sale of BSE Institute Limited in May 2025. The profit-before-tax row above covers continuing operations. Profit from continuing operations alone for that half year was Rs 1,083.24 crore. There was no discontinued operation in April to September 2026. Profit attributable to owners is slightly higher than net profit because the outside shareholders’ share in subsidiaries was a loss (Rs 1.63 crore in the quarter). The consolidated statement covers BSE Limited, six subsidiaries and three associates, as listed in the auditors’ review report.
Against the previous quarter (April to June 2026), consolidated revenue from operations was lower: Rs 1,432.66 crore against Rs 1,566.02 crore, a change of -8.5%. Consolidated net profit after tax was Rs 807.52 crore against Rs 872.66 crore, a change of -7.5%.
BSE Limited on its own (standalone)
BSE Ltd also filed standalone results, for BSE Limited alone without its subsidiaries. Also converted from Rs lakh to Rs crore:
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 1,349.32 | 975.43 | +38.3% |
| Total income | 1,494.41 | 1,074.36 | +39.1% |
| Profit before tax | 1,021.03 | 675.81 | +51.1% |
| Net profit after tax | 773.36 | 514.41 | +50.3% |
| EPS, basic and diluted (Rs) | 18.77 | 12.49 | +50.3% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 2,823.34 | 1,848.51 | +52.7% |
| Total income | 3,095.85 | 2,022.73 | +53.1% |
| Profit before tax | 2,094.16 | 1,301.86 | +60.9% |
| Net profit after tax | 1,574.51 | 982.81 | +60.2% |
| EPS, basic and diluted, after exceptional item (Rs) | 38.22 | 23.86 | +60.2% |
There were no exceptional items in the standalone results for the quarter, in either year, or for April to September 2026. The standalone figures for April to September 2025 include an exceptional item of Rs 15.90 crore, which the filing says was the profit on the sale of BSE Institute Limited. Against April to June 2026, standalone revenue from operations was Rs 1,349.32 crore against Rs 1,474.02 crore (-8.5%) and standalone net profit after tax was Rs 773.36 crore against Rs 801.15 crore (-3.5%).
What the company said
No press release was filed with these results. These are the company’s own words, from the notes to the results it filed with NSE on 4 November 2026.
“The Group operates only in one Business Segment i.e. “Facilitating Trading in Securities and other related ancillary Services”, hence does not have any reportable Segments as per Ind-AS 108 “Operating Segments”.”
BSE Ltd, note 3 to the consolidated results, 4 November 2026
In note 5 to the consolidated results, the company said its board gave in-principle approval on 11 November 2025 to sell its holding in one of its associate companies, and that it is awaiting approval from the regulator. The note does not name the associate.
What the auditors said
The figures are unaudited. The statutory auditors, S.R. Batliboi & Co. LLP, Chartered Accountants, carried out a limited review, which is lighter than a full audit. Their review reports, dated 4 November 2026, have no emphasis of matter. The consolidated report notes that five subsidiaries and one associate were reviewed by their own independent auditors, and says its conclusion is not modified in respect of this.
Dates
- Board meeting: 4 November 2026, from 15:00 to 17:00 IST. The board approved the results at this meeting, after the Audit Committee reviewed them.
- Filed with NSE: 4 November 2026 at 18:01 IST.
- Dividend: none declared in this filing.
- Also at this meeting: the board approved the appointment of Shri Ashutosh Singh as Executive Director, Business (Vertical 3), for five years from 30 November 2026, subject to ratification by shareholders. The company filed this separately with NSE at 18:05 IST. The board also approved accepting an offer from the Mumbai Metropolitan Region Development Authority (MMRDA) for a plot at Bandra Kurla Complex, Mumbai, for additional premises; the company said the detailed terms will be announced once definitive agreements are signed.
Consolidated and standalone: consolidated figures add up BSE Limited and its subsidiaries, such as BSE Clearing Limited, as one group, plus its share of associates’ profit. Standalone figures cover BSE Limited alone.
Owners of the company: the part of the group’s profit that belongs to BSE Limited’s own shareholders. The rest belongs to outside shareholders in subsidiaries BSE does not fully own. EPS is worked out on the owners’ part.
Investment income: a separate line in BSE’s statement, shown between revenue from operations and other income. Total income on this page includes it, as the filing does.
Rs crore and Rs lakh: one crore is one hundred lakh, or ten million rupees. The filing reports in lakh; this page shows crore.
Q2 FY27: the second quarter of the financial year that runs from April 2026 to March 2027.
Source
- BSE Ltd, outcome of board meeting with unaudited consolidated and standalone results and limited review reports, 4 November 2026. nsearchives.nseindia.com
- BSE Ltd, appointment of Shri Ashutosh Singh as Executive Director, Business (Vertical 3), 4 November 2026. nsearchives.nseindia.com
This page was written by Potoos Research Services, a SEBI-registered Research Analyst (INH000027380) in Chennai. Every figure above is copied from the company’s filing (converted from Rs lakh to Rs crore), and every percentage change is worked out from the filing’s own numbers.
This page reports what the company filed. It is not a recommendation to buy, sell or hold.
Common questions
What was BSE Ltd’s revenue in Q2 FY27?
Consolidated revenue from operations for July to September 2026 was Rs 1,432.66 crore, against Rs 1,068.39 crore in July to September 2025, a change of +34.1%. Standalone revenue from operations, for BSE Limited alone, was Rs 1,349.32 crore, against Rs 975.43 crore, a change of +38.3%.
Did BSE Ltd’s profit go up or down in Q2 FY27?
Up against a year earlier. Consolidated net profit after tax for the quarter was Rs 807.52 crore, against Rs 557.02 crore, a change of +45.0%. Standalone net profit after tax was Rs 773.36 crore, against Rs 514.41 crore, a change of +50.3%. Against April to June 2026, consolidated net profit was lower, at -7.5%.
Why does the filing show figures in lakhs, and this page in crore?
BSE Ltd reports its results in Rs lakh. This page divides each figure by 100 to show it in Rs crore, so 1,43,266 lakh becomes Rs 1,432.66 crore. Nothing else is changed.
Did BSE Ltd declare a dividend with these results?
No dividend was declared in the results filing of 4 November 2026.
Is this page a recommendation?
No. It reports what the company filed. It is not a recommendation to buy, sell or hold.