Mumbai: BSE Ltd. has reported its best-ever financial performance in its 150-year history, with consolidated revenues crossing the Rs. 5,000-crore milestone for the first time in FY26. The exchange posted robust growth across key business verticals including IPO listings, derivatives trading, mutual fund distribution, and capital-raising platforms.
The company announced audited consolidated financial results for the quarter ended March 31, 2026, alongside a final dividend of Rs. 10 per equity share having a face value of Rs. 2 for FY26.
BSE recorded total revenues of Rs. 5,148 crore during FY26, registering a strong year-on-year growth of 59% compared to Rs. 3,236 crore in FY25. Revenue from operations rose 63% to Rs. 4,834 crore, while consolidated net profit attributable to shareholders surged 88% to Rs. 2,497 crore.
The exchange also witnessed significant improvement in profitability margins. Consolidated operating EBITDA, including Core SGF, more than doubled to Rs. 3,079 crore from Rs. 1,500 crore in the previous financial year. EBITDA margins expanded sharply to 64% from 51%, while net profit margin improved to 48% from 41%.
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Strong Growth Across Financial Metrics
According to the audited financial results, operating expenses increased by 20% to Rs. 1,755 crore in FY26, while investment and other income stood at Rs. 314 crore, up 13% year-on-year.
Profit before tax and share of associates climbed 94% to Rs. 3,234 crore compared to Rs. 1,666 crore in FY25. Taxes paid during the year increased to Rs. 824 crore from Rs. 431 crore. Share of profit from associates stood at Rs. 65 crore, while profit from discontinued operations was reported at Rs. 12 crore.
The exchange reported consolidated net profit of Rs. 2,487 crore for FY26 against Rs. 1,322 crore in the previous fiscal.
MD & CEO Sundararaman Ramamurthy Calls FY26 a Landmark Year
Commenting on the results, Sundararaman Ramamurthy, MD & CEO of BSE, said FY26 marked a landmark year of progress for the exchange.
He stated that with active support and guidance from market participants and stakeholders, BSE significantly strengthened its growth and competitive positioning through innovation, accessibility, and technological resilience.
Ramamurthy further said that BSE remains confident about the structural growth of India’s capital markets and is committed to delivering sustainable long-term value while contributing to the country’s economic development.
BSE Ranked First Globally in IPO Listings
FY26 emerged as an exceptional year for capital formation on BSE, reflecting strong investor participation and issuer confidence.
BSE ranked first globally in terms of IPO listings during the financial year, with 255 companies listed across the main board and SME platforms. These companies collectively raised around Rs. 1.8 lakh crore, making FY26 the highest-ever year for both the number of IPO issues and total funds mobilised on the exchange.
The exchange’s broader fund-raising ecosystem also witnessed remarkable momentum. Indian corporates raised nearly Rs. 26.9 lakh crore through BSE platforms during FY26 across equity, debt instruments, bonds, commercial papers, REITs, InvITs, and municipal bonds.
Investor Base Crosses 25 Crore Accounts
Investor participation continued to deepen significantly during the year. The total number of investor accounts on BSE crossed the 25-crore mark, underlining growing retail participation in India’s capital markets.
Over the past year alone, BSE added 3.53 crore new investor accounts. Notably, ten Indian states individually contributed more than one crore investor accounts each.
The exchange also intensified its investor education initiatives during FY26. BSE conducted 16,663 investor awareness programmes and reached more than 8.5 lakh participants to promote financial literacy and investor protection.
Equity Derivatives Business More Than Doubles
BSE’s trading business delivered strong growth during FY26, particularly in the equity derivatives segment.
The exchange reported that revenues from the Equity Derivatives business more than doubled to Rs. 3,134 crore during the financial year. This growth was driven by a sharp increase in average daily premium turnover, which rose to Rs. 19,522 crore compared to Rs. 8,977 crore in FY25, representing growth of nearly 118%.
The flagship Sensex index options emerged among the most actively traded derivative contracts globally, with the momentum continuing into FY27.
In the cash market segment, BSE recorded stable and healthy activity levels, with average daily turnover reaching a record Rs. 7,950 crore during FY26.
New Derivative Products Approved
Strengthening its product portfolio further, BSE received approvals for launching three new monthly index derivatives — BSE Focused IT, Focused Midcap, and Sensex Next 30.
The exchange announced that derivatives on the BSE Focused IT Index will be launched from May 11, 2026. According to BSE, the new product is expected to provide market participants with an additional and effective hedging instrument based on market feedback and sector-specific demand.
BSE StAR MF Continues Strong Momentum
BSE StAR MF, the exchange’s mutual fund distribution platform, delivered another year of robust performance in FY26.
The platform reported revenues of Rs. 285 crore, reflecting a 24% year-on-year increase. Transaction volumes grew 27% to 84.1 crore transactions during the financial year.
The platform also achieved a new monthly milestone in March 2026 by recording 8.2 crore transactions, reaffirming its importance in India’s mutual fund distribution ecosystem.
Partnership With Department of Posts Boosts Financial Inclusion
In a major financial inclusion initiative, BSE became the first Indian stock exchange to partner with the Department of Posts for mutual fund distribution.
Through this collaboration, India Post was successfully onboarded onto the BSE StAR MF platform, and over 1,500 transactions have already been executed. The initiative is expected to expand investment access across the country by leveraging the extensive reach of the postal network.
Further expanding its digital financial ecosystem, BSE launched StAR NPS in April 2026. The platform aims to serve as a comprehensive digital gateway covering the entire investment lifecycle of Indian investors, from systematic savings to retirement planning.
ICCL and BSE Index Services Witness Rapid Expansion
BSE’s key subsidiaries — Indian Clearing Corporation Ltd (ICCL) and BSE Index Services Ltd. — also continued to register strong growth during FY26.
The exchange stated that ICCL’s revenues have more than doubled over the past three years, while revenues of BSE Index Services have nearly quadrupled during the same period.
The growth has been driven by client acquisition, product innovation, and increased technology adoption, reflecting the expanding scale and strength of the broader BSE ecosystem.
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