BSE Q4FY26 Results 2026: Profit up 61%, ₹10 dividend

BSE Ltd reported its financial results for the quarter ended March 31, 2026 (Q4FY26) on May 7, alongside a final dividend announcement. The exchange reported a sharp rise in consolidated profit and revenue during the quarter, supported by higher transaction charges amid robust market activity. The board recommended a final dividend of ₹10 per equity share, subject to shareholder approval at the annual general meeting (AGM) scheduled in August. The company also disclosed the record date and payment timeline for the proposed dividend.

The results matter for investors tracking how trading activity and transaction-linked revenue translate into profitability for exchange businesses. BSE’s quarter included a notable improvement in EBITDA and operating margin, even as some non-core revenue lines softened. The stock also reacted positively on the day, with reports citing a roughly 3% rise and a close near the ₹4,000 level.

Q4FY26 highlights: profit, revenue, and sequential growth

BSE’s consolidated net profit for Q4FY26 rose about 61% year-on-year to around ₹797 crore. Reported figures in the coverage include ₹797.33 crore for Q4FY26 versus ₹494.4 crore in Q4FY25. On a sequential basis, profit increased about 32% from ₹602 crore in Q3FY26 to about ₹797 crore in Q4FY26.

Revenue from operations in Q4FY26 was reported at about ₹1,563 crore to ₹1,564 crore. Coverage cited ₹1,563 crore to ₹1,563.51 crore in Q4FY26, compared with about ₹846.64 crore to ₹847 crore in Q4FY25. On a quarter-on-quarter basis, revenue rose from ₹1,244 crore in Q3FY26 to about ₹1,564 crore in Q4FY26, an increase of roughly 25% to 26%.

Transaction charges drove a large part of the jump

Transaction charges, which form a major share of BSE’s income, rose to ₹1,311 crore in Q4FY26. In the reports, the comparable figure for the year-ago quarter was ₹611.7 crore. Another set of figures also referenced ₹612 crore for Q3FY26, indicating a quarter-on-quarter rise from that level.

The coverage linked the increase in transaction charges to stronger market activity during the quarter. Since transaction-charge income is tied to trading volumes and activity, this line item tends to be sensitive to broader market participation and volatility. BSE’s Q4FY26 performance was described as being aided by this sharp rise in transaction-linked income.

EBITDA and margin improved in the March quarter

BSE’s EBITDA for Q4FY26 was reported at ₹1,061 crore, up from ₹738 crore in the preceding quarter. That represents an increase of about 44% quarter-on-quarter.

Operating margin also improved. The margin for Q4FY26 was reported at 67.9%, up from 59.3% in Q3FY26. The combination of higher operating income and margin expansion stood out in the quarterly numbers disclosed.

Other revenue lines: treasury income and listing services

Not all revenue streams moved in the same direction. The coverage said treasury income declined to ₹40 crore, down 6% quarter-on-quarter and 9% year-on-year.

Listing services revenue was reported at ₹119 crore, down 24% quarter-on-quarter and 5% year-on-year. These two lines were specifically mentioned as taking a hit on both sequential and annual comparisons.

Expenses rose in Q4FY26

BSE reported expenses of ₹557 crore in Q4FY26. This compares with ₹511 crore in Q3FY26 and ₹392 crore in Q4FY25, implying an increase of 9% quarter-on-quarter and 42% year-on-year, as cited.

The expense increase was attributed in the coverage to spending on technology, regulatory contribution, employee benefits, and clearing and settlement expenses. These heads are commonly material for exchange operations, particularly during periods of higher activity and scaling.

Dividend announced: amount, record date, and payment timeline

The BSE board recommended a final dividend of ₹10 per equity share of face value ₹2 each. The dividend is subject to shareholder approval at the AGM scheduled in August.

The record date for determining shareholder eligibility was set as July 10, 2026. The company also said the payment will be made on or before September 17, 2026.

FY26 full-year performance: profit and revenue nearly doubled

For the full financial year ended March 31, 2026, BSE’s consolidated net profit was reported at ₹2,487.25 crore, up from ₹1,322.32 crore in FY25. This was described as an increase of about 88%.

Revenue from operations for FY26 was reported at ₹4,833.95 crore, compared with ₹2,957.34 crore in FY25, a rise of nearly 63% year-on-year.

Additional disclosure: BSE Institute divestment

Among corporate developments referenced, BSE completed the divestment of its wholly owned subsidiary, BSE Institute Ltd, in May 2025. The transaction resulted in a profit of ₹14.40 crore, which was accounted for under discontinued operations in consolidated financial statements.

Trading metrics mentioned in investor presentation

One report cited BSE’s investor presentation, which indicated that average daily turnover in the equity cash segment rose to ₹79,500 million by end-FY26, compared with ₹77,666 million in FY25. (Converted for readability, this is ₹7,950 crore versus about ₹7,766.6 crore.)

For equity derivatives, average daily national turnover was reported at ₹245 trillion at the end of Q4, compared with ₹210 trillion in the previous quarter and ₹112 trillion in the same period last fiscal.

Stock reaction and recent price performance

BSE shares were reported to have risen about 3% on May 7, 2026. One data point in the coverage said the stock closed at ₹3,981 per share on the NSE, up 3.35%.

Another report cited a close of ₹3,963.60, up 2.89%, and said the stock hit a fresh all-time high of ₹3,985 during the session. The coverage also referenced returns of about 34.91% over one month and 51.48% year-to-date, along with a one-year rise of 21.53%.

Key numbers at a glance

Dividend timeline (FY26 final dividend)

Market impact: what the numbers say

The quarter’s headline improvement was driven by transaction-linked income, reflected in transaction charges rising to ₹1,311 crore. That increase coincided with the reported year-on-year growth in revenue from operations to about ₹1,564 crore and the rise in net profit to about ₹797 crore.

At the same time, the disclosures showed that some ancillary revenue lines such as treasury income (₹40 crore) and listing services (₹119 crore) weakened on both sequential and year-on-year comparisons. The expense line also increased to ₹557 crore, but the rise in EBITDA to ₹1,061 crore and margin expansion to 67.9% suggests operating leverage in a strong activity quarter.

Analysis: why this quarter matters for BSE’s business mix

For exchanges, quarters with stronger market participation typically show up first in transaction-linked revenue and then in profitability. The figures cited for transaction charges and revenue from operations illustrate this relationship in Q4FY26.

The divergence between transaction charges and some other lines such as treasury income and listing services is also notable in the disclosed numbers. It underscores that exchange financial performance can be driven heavily by trading activity even when some non-transaction streams soften. Cost growth was also visible, but margins improved sequentially, indicating that income growth outpaced the rise in expenses during the quarter.

Conclusion

BSE’s Q4FY26 results showed year-on-year profit growth of about 61% to around ₹797 crore and revenue from operations rising to about ₹1,564 crore, supported by higher transaction charges. Alongside the results, the board recommended a final dividend of ₹10 per share, with July 10, 2026 set as the record date and payment targeted on or before September 17, 2026. The dividend remains subject to shareholder approval at the AGM scheduled in August.