BSE Limited — Q2FY27 earnings call summary

Filed 11 November 2026 · Official transcript

Multiple analyst queries on market share growth and pricing rationalization; management committed to market expansion
H1 FY27 consolidated revenue Rs. 3,257 Cr, +49% y-y; net profit Rs. 1,680 Cr, +53% y-y
Equity cash segment Q2 FY27 average daily turnover Rs. 10,494 Cr; derivatives premium ADTV Rs. 22,531 Cr
EBITDA margin sustained at ~67%; regulatory and clearing fees variable but revenue growth outpaces costs
Market share in cash equities growing but not yet double-digit; derivatives market share growing steadily
Capex ongoing; technology upgrades planned; colocation racks expanding from 500 with 175-190 more planned
Risks: cyber threats, global turmoil impacting volumes and investor sentiment
Strong primary market: 71 main board IPOs raised Rs. 84,000 Cr in H1; SME listings crossed 800