BSE Q2 FY27 profit drops 7% to ₹809 crore as revenue slides 8.5%
Synopsis
BSE's Q2 FY27 earnings pulled back sequentially from record highs, with net profit at ₹809 crore and revenue at ₹1,432 crore — both down around 7-8% quarter-on-quarter. The bigger picture, however, shows nearly 45% year-on-year profit growth. Add a new board appointment and an MMRDA land deal at Bandra Kurla Complex, and BSE is clearly investing in the next leg of expansion.
Key Takeaways
BSE reported Q2 FY27 net profit of ₹809.15 crore , down 7.4% from ₹874.02 crore in Q1 FY27 .
Revenue declined 8.5% quarter-on-quarter to ₹1,432.6 crore ; EBITDA fell 8.2% to ₹984 crore .
On a year-on-year basis, net profit surged 44.9% and revenue rose 34.1% versus Q2 FY26 .
EBITDA margin improved to 68.7% from 64.66% a year ago, reflecting stronger operating efficiency.
Board approved Ashutosh Singh as Executive Director – Business for a five-year term from 30 November 2026 .
BSE accepted an MMRDA offer for a plot at Bandra Kurla Complex to expand infrastructure, subject to regulatory approvals.
BSE Limited on Wednesday, 4 November 2026 reported a sequential moderation in earnings for the September quarter (Q2 FY27), with net profit, revenue, and operating profit all easing from the record highs posted in the June quarter (Q1 FY27). Despite the quarterly pullback, year-on-year performance remained robust across all key financial metrics.
Quarterly Earnings Snapshot
The exchange posted a net profit of ₹809.15 crore for the quarter ended September 2026, a decline of 7.4% from ₹874.02 crore in the preceding quarter. Revenue fell 8.5% quarter-on-quarter to ₹1,432.6 crore from ₹1,566.02 crore, while EBITDA slipped 8.2% to ₹984 crore from ₹1,071.9 crore.
Even as absolute earnings moderated, profitability held firm. EBITDA margin ticked up marginally to 68.7% from 68.45% in the June quarter, indicating cost discipline even during a revenue dip.
Strong Year-on-Year Growth
Measured against the same period a year ago, BSE delivered significantly stronger numbers. Net profit surged 44.9% from ₹558.43 crore in Q2 FY26, while revenue climbed 34.1% from ₹1,068.4 crore. EBITDA jumped 42.4% from ₹690.9 crore, and the EBITDA margin expanded to 68.7% from 64.66% a year earlier — a meaningful improvement in operating efficiency.
Board Approvals and Expansion Plans
Alongside the quarterly results, BSE's board approved the appointment of Ashutosh Singh as Executive Director – Business (Vertical 3) for a five-year term effective 30 November 2026, subject to shareholder ratification.
The exchange also confirmed it has accepted an offer from the Mumbai Metropolitan Region Development Authority (MMRDA) for the allotment of a plot at Bandra Kurla Complex in Mumbai. The site is earmarked for developing additional premises and infrastructure facilities. The allotment remains subject to documentation, regulatory conditions, and execution of definitive agreements with the MMRDA.
Market Reaction
Shares of BSE settled 1.75% lower at ₹3,601.50 on the National Stock Exchange (NSE) ahead of the earnings announcement, shedding ₹64.20 from the previous close. The stock's pre-results dip suggests markets had already begun pricing in a sequential earnings moderation.
With a new senior appointment, a planned infrastructure expansion at Bandra Kurla Complex, and year-on-year growth remaining in strong double digits, BSE appears focused on positioning itself for the next phase of growth even as the quarter-on-quarter optics soften.
Point of View
Which actually improved quarter-on-quarter to 68.7%, signalling that the revenue dip did not bleed into operating leverage. The MMRDA land deal at Bandra Kurla Complex is a capital commitment that speaks to long-term capacity planning, not short-term optics. The real question is whether BSE can sustain the trading volumes and transaction fees that powered the Q1 FY27 record, particularly if market activity moderates in a higher-rate environment.
NationPress
4 Nov 2026
Frequently Asked Questions
What were BSE's Q2 FY27 earnings results?
BSE reported a net profit of ₹809.15 crore for Q2 FY27 (quarter ended September 2026), down 7.4% from ₹874.02 crore in the preceding June quarter. Revenue declined 8.5% to ₹1,432.6 crore and EBITDA fell 8.2% to ₹984 crore on a quarter-on-quarter basis.
How did BSE perform year-on-year in Q2 FY27?
On a year-on-year basis, BSE's performance was strong — net profit surged 44.9% from ₹558.43 crore in Q2 FY26, revenue rose 34.1% from ₹1,068.4 crore, and EBITDA jumped 42.4%. EBITDA margin also expanded to 68.7% from 64.66% a year ago.
Who is Ashutosh Singh and what role has BSE appointed him to?
Ashutosh Singh has been appointed by BSE's board as Executive Director – Business (Vertical 3) for a five-year term, effective 30 November 2026, subject to shareholder ratification. The appointment was announced alongside BSE's Q2 FY27 quarterly results.
What is the BSE-MMRDA land deal at Bandra Kurla Complex?
BSE has accepted an offer from the Mumbai Metropolitan Region Development Authority (MMRDA) for the allotment of a plot at Bandra Kurla Complex in Mumbai. The site will be used to develop additional premises and infrastructure facilities, though the deal is still subject to documentation, regulatory conditions, and execution of final agreements.
How did BSE shares react to the Q2 FY27 results?
BSE shares settled 1.75% lower at ₹3,601.50 on the NSE ahead of the earnings announcement, shedding ₹64.20 from the previous close. The pre-results dip indicated markets had partially anticipated the sequential earnings moderation.
