BSE share price has plunged 3% inytra-day after the company reported its Q4 earnings. The fall in the stock price is being seen despite the Exchange recording a robust daily turnover, a jump in net profit, etc. Many analysts believe that the market had probably priced in the positives, and the stock is probably seeing some profit-booking.
Nuvama on BSE
Nuvama Institutional Equities raised its target price on the exchange to Rs 4,570 from Rs 3,760, implying an upside of 15.3% from the current market price. BSE delivered Q4FY26 index options Average Daily Premium Traded Volume (ADPTV) market share of 29.9%, an increase of 57 basis points QoQ, driving up revenue by 85% YoY and 26% QoQ.
With five expiries in April 2026, as against four for NSE, and sustained ADPTV of Rs 33,100 crore, its market share surged 922 bps month-on-month to 37%.
“We are tweaking ADPTV estimates, incorporating early STT hike impact, lifting our FY27 and FY28 adjusted net profit by 12.3% and 15.9%, i.e. PE of 45x plus 15% stake in CDSL. Post NSE listing, there shall be further upgrades in earnings,” said the brokerage house.
BSE reports robust Q4FY26
The company’s net profit surged 32.5% year-over-year (YoY) to Rs 797 crore in the fourth quarter of FY26, compared to Rs 602 crore in the same quarter a year back. Its revenue from operations rose 26% YoY at Rs 1,564 crore in Q4FY26, from Rs 1,244 crore recorded in the December quarter.
The earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 44% YoY to Rs 1,061 crore in the Q4FY26 from Rs 738 crore quarter-on-quarter (QoQ), while the margin was posted at 67.9% from 59.3% QoQ.
The exchange reported a strong operational quarter, with average daily premium turnover (ADPTO) jumping 49% sequentially to Rs 28,920 crore.
BSE Q4 Operations strong
Transaction revenue more than doubled year-on-year, with nearly the entire incremental growth coming from higher transaction charges amid strong traction in derivatives trading. Transaction charges rose 38% QoQ to Rs 1,311 crore, aided by increasing derivatives volumes. Adjusted EBITDA increased 32% quarter-on-quarter, while EBITDA margins expanded sharply to 68%, aided by operating leverage. Net profit after tax also rose 32.5% sequentially.
Also, the company has announced to pay out a final dividend of Rs 10 per share of face value of Rs 2 each.
BSE share price performance
The share price of BSE has risen 1.7% in the last five trading days. The stock has changed a little over the past one month and has fallen 6.8% in the last six months. BSE’s stock price has declined 3% in the previous one year.