BSE shares in focus ahead of Q1 earnings. Here's what to expect
BSE
will be in focus today as India's oldest
stock exchange
will announce its
Q1 earnings
along with over 270 BSE listed companies. It is expected to report a robust
net profit growth
up to 94% over the same quarter in the year ago period while revenue could also see a 61% jump according to estimates given by a couple of brokerages.
Nuvama Institutional Equities has estimated a net profit of Rs 475 crore for BSE in the April-June quarter of FY26, which is a 94% year-on-year surge and a 20% sequential growth. Meanwhile,
Motilal Oswal Financial Services
(MOFSL) pegs the bottom line at Rs 477 crore, up 81% YoY while declining 3.2% quarter-on-quarter.
Revenue could see a 59%-61% YoY jump in the quarter under review according to the brokerages. The topline could be in the range of Rs 963 crore to Rs 979 crore. On a sequential basis the uptick of 14%-16% is expected.
The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) is estimated in the range of Rs 584 crore and Rs 597 crore, witnessing a likely uptick of 106%-110% on a YoY basis. On a QoQ basis, it could 21%-23%.
In its preview note, Nuvama said that BSE's strong 26.5% QoQ growth in index option ADPTV will likely result in strong Adjusted PAT growth.
MOFSL has also listed several trigger points for BSE's growth. It said that BSE's market share continues to rise in F&O notional and option premium turnover, boosting revenues. Moreover, cash volumes sequential ramp-up in 1QFY26 is leading to increase in transaction charges.
Continued momentum with respect to new listings will likely boost revenue from service to corporates.
Decline in regulatory and clearing costs will improve profitability for the bourse.
Investors should keep an eye on the impact guidance due to the change in expiry day while the cash market share improvement, as well.
BSE had reported a consolidated net profit of Rs 494 crore in Q4FY25 which was a growth of 362% YoY while the revenue surged 69% YoY to Rs 926 crore.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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