BSE on Thursday reported a 32.5 per cent sequential rise in net profit for the March quarter, supported by strong growth in derivatives trading and higher transaction revenues.
The exchange posted a net profit of Rs 797 crore for the January-March quarter, compared with Rs 602 crore in the preceding quarter, according to an exchange filing. Revenue from operations rose 26 per cent quarter-on-quarter to Rs 1,564 crore from Rs 1,244 crore.
Operational performance remained strong during the quarter, with EBITDA rising 44 per cent sequentially to Rs 1,061 crore from Rs 738 crore. EBITDA margins expanded sharply to 67.9 per cent from 59.3 per cent, aided by operating leverage and higher trading volumes.
Adjusted EBITDA increased 32 per cent quarter-on-quarter, while profit after tax also grew 32.5 per cent sequentially.
The exchange reported robust traction in its derivatives segment, with average daily premium turnover (ADPTO) rising 49 per cent sequentially to Rs 28,920 crore.
Transaction revenue more than doubled year-on-year, largely driven by higher transaction charges from derivatives trading activity. Transaction charges rose 38 per cent sequentially to Rs 1,311 crore, reflecting continued growth in derivatives volumes.
BSE said its monthly derivatives market share continues to improve, although it currently remains at around 5-6 per cent. In the cash market segment, BSE’s market share improved to 7-8 per cent from 5-6 per cent earlier, with the exchange targeting double-digit market share over time.
The exchange added that pricing decisions are reviewed periodically based on volumes, operating costs and affordability considerations, and are not purely driven by competition.
The derivatives ecosystem also continued to expand, with 587 brokers currently active on BSE’s derivatives platform. The exchange said it aims to increase this number to over 700 brokers in the coming years.
Foreign portfolio investor participation currently stands at 520 FPIs, with a long-term target of around 800.
The board also recommended a final dividend of Rs 10 per equity share of face value Rs 2 each. It fixed July 10, 2026, as the record date for determining eligible shareholders, while the dividend payment is expected to be completed on or before September 17, 2026.
Recently, rival exchange National Stock Exchange of India (NSE) also reported strong quarterly earnings, with net profit rising 8 per cent year-on-year to Rs 2,871 crore, driven by growth in equity derivatives trading.
