BSE Q1 Earnings Preview: Robust Net Profit Growth and Revenue Jump Expected

BSE shares are expected to report a robust Q1 earnings growth, with net profit estimated to rise up to 94% YoY and revenue jumping 61% YoY. Nuvama Institutional Equities estimates a net profit of Rs 475 crore, while Motilal Oswal Financial Services pegs it at Rs 477 crore. The EBITDA is expected to witness a 106%-110% YoY uptick, and revenue could see a 59%-61% YoY jump.

The Bombay Stock Exchange (BSE) is poised to announce its Q1 earnings today, with analysts projecting a significant surge in net profit and revenue. According to brokerage estimates, BSE's net profit could rise by up to 94% year-on-year (YoY), while revenue is expected to jump by around 61% YoY [1].

Key drivers for this robust growth include rising market share in F&O (Futures & Options), increased cash volumes, new listings, and declining regulatory costs. These factors are likely to contribute to a strong earnings performance for the exchange.

Nuvama Institutional Equities has estimated BSE's net profit for the April-June quarter of FY26 to be Rs 475 crore, representing a 94% YoY surge and a 20% sequential growth. Motilal Oswal Financial Services (MOFSL) pegs the bottom line at Rs 477 crore, up 81% YoY while declining 3.2% quarter-on-quarter [1].

Revenue estimates suggest a 59%-61% YoY jump, with the topline expected to be in the range of Rs 963 crore to Rs 979 crore. The earnings before interest, taxes, depreciation, and amortization (EBITDA) is estimated to be in the range of Rs 584 crore and Rs 597 crore, witnessing a likely uptick of 106%-110% on a YoY basis. On a sequential basis, EBITDA could see an uptick of 21%-23% [1].

The expected growth in index option ADPTV, as highlighted by Nuvama, is likely to drive strong adjusted profit after tax (PAT) growth. Additionally, the increase in market share in F&O notional and option premium turnover, along with the ramp-up in cash volumes, is expected to boost revenues [1].

Investors should keep an eye on the impact of the change in expiry day and the improvement in cash market share on BSE's performance. The company's strong Q4FY25 performance, with a net profit of Rs 494 crore and a revenue surge of 69% YoY, serves as a positive indicator for the current quarter's earnings [1].

References:
[1] https://m.economictimes.com/markets/stocks/news/bse-shares-in-focus-ahead-of-q1-earnings-heres-what-to-expect/amp_articleshow/123154442.cms