BSE Share Price Target: Brokerages have raised their share price target for BSE after the company reported more than 100 per cent jump in its net profit
its Q1 FY2026. For the April-June quarter of FY2026, BSE on Thursday (Aug 7) said that its net profit stood at Rs 538.1 crore, up more than 100 per cent compared to Rs 264.2 crore reported in the corresponding period last year.
BSE said that its revenue from operations in the reporting quarter came in at Rs 958.39 crore while total income came in at Rs 1044.4 crore. The exchange had reported an income of Rs 668 crore in the same three-month period of FY2025.
a year-ago.
During the June 2025 quarter, BSE said that a total of 498 crore contracts traded under the equity derivatives segment, generating Rs 598 crore in revenue. Transactions on the BSE StAR MF platform grew by 30 per cent YoY to 18.3 crore in Q1 FY2026, up from 14.1 crore in the same period last year. The platform's market share stood at 89 per cent.
BSE Share Price Target
Post quarterly results, Motilal Oswal said has maintained neutral stance on BSE shares raised the target price by Rs 200 to Rs 2600 (earlier Rs 2400). It said that BSE's PAT in Q1 was driven by lower clearing house costs and operating expenses. It said that strong transaction revenue growth was led by Sensex derivatives product in the quarter.
It has raised the FY26 and FY27 earnings estimates by 7 per cent each on cost saving and colocation income (revenue generated from renting out space and others).
Weekly Expiry Change
On the shift in weekly expiry shift for Sensex to Thursday from Tuesday, the brokerage said that it may cause 300-400 bps drop in premium turnover market share for BSE.
Avendus has downgraded BSE to Add from Buy but raised the target price to Rs 2590, from Rs 2366. It said that FY26/FY27 estimates are broadly unchanged after the earnings.
The brokerage said that BSE's premium realization will dip post options expiry change but still the outlook remains better than FY2025. It said that realization is projected at 10.5 bps in FY2026 and 11.25 bps in FY27E while premium is expected grow at CAGR of 45 per cent over FY25-27E.
It noted that BSE is expected to gain index option average daily turnover (ADTO) to 38.5 per cent in FY26E and 39.5 per cent in FY27E. It added that revenue/ EBITDA and PAT are projected to grow at CAGR of 29 per cent/ 43 per cent and 41 per cent, respectively, over FY25-27E.
BSE shares on Thursday (Aug 7) closed 2.70 per cent higher at Rs 2452.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
