BSE Limited (BSE) Q2 FY27 Financial Results: PAT ₹87,266 Cr & Revenue ₹1.71 L Cr(2 announcements)

Investor Takeaways

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

What Changed

The filing reports unaudited consolidated financial results for Q1 FY2027 ending June 30, 2026, with total income of ₹1,70,672 lakhs (₹170,672 Cr) and net profit after tax of ₹87,266 Cr from continuing operations. The board approved the appointment of KKC & Associates LLP as statutory auditors for five years, pending shareholder approval, and increased its direct stake in India International Bullion Holding IFSC Limited to 20% through a secondary purchase. The results include limited review reports from auditors and disclosures under SEBI LODR regulations. Net profit showed significant growth compared to the previous quarter's ₹345.77 Cr, though year-on-year comparison is not provided in the data.

Peer Comparison

BSE's P/E ratio of 174.39 significantly exceeds that of its peers, indicating a market valuation that may reflect growth expectations or elevated risk perception relative to established banking institutions.

Risks & Concerns

Quarterly Trend

The reported Q1 FY2027 net profit of ₹87,266 Cr appears inconsistent with the quarterly trend data provided, which shows maximum profit of ₹345.77 Cr in Q2FY25. This discrepancy suggests either a unit mismatch (lakhs vs. crores) or data presentation anomaly requiring clarification. The filing states revenue and profit in "lakhs" but uses Cr for market cap and peer data, indicating potential inconsistency in numerical representation that warrants verification. The significant jump to ₹87,266 Cr profit from the prior quarter's ₹345.77 Cr represents an increase of over 25,000%, which seems implausible without context about reporting scope or accounting changes. The OPM declined from 52.1% in Q2FY25 to 19.67% in Q4FY24, suggesting margin volatility that may impact sustainability of current profitability levels.

Investor Takeaways

Overall Tone: Neutral

Key Financial Highlights

What Changed

The filing reports unaudited consolidated results for Q1FY26 (quarter ended June 30, 2026) showing total income of ₹1,70,672 lakhs (₹170,672 Cr) and net profit after tax of ₹87,266 Cr from continuing operations. The board approved KKC & Associates LLP as statutory auditors for five years pending shareholder approval, and increased direct ownership in India International Bullion Holding IFSC Limited from 3.33% to 20%. A limited review confirmed no material misstatements in the financials. The company also disclosed current fundamentals including a market capitalization of ₹1,63,178.1 Cr and P/E ratio of 174.39.

Peer Comparison

BSE's P/E ratio of 174.39 significantly exceeds peers' range of 10.44 to 15.5, indicating market expectations may differ substantially from traditional banking metrics.

Risks & Concerns

Quarterly Trend

About BSE Limited (BSE)

Financial Services · Financial Services · Listed on NSE

View full BSE stock details →