BSE Shares Hit Record High After Q3 FY26 Results as Profit Triples to INR 602 Crore and F&O Activity Surges
Shares of the Bombay Stock Exchange (BSE Ltd) surged on Tuesday, 10th February, after the company posted stellar Q3 FY26 results, with profits tripling and revenue hitting record levels. The BSE share price touched a fresh all-time high on both the BSE and National Stock Exchange (NSE), driven by strong growth in futures and options (F&O) trading, rising market volumes, and strong performance across its core business segments.
BSE Q3 FY26 Results: Profit Triples on Derivatives Boom
BSE delivered its Q3 FY26 results for the period ending December 2025, posting a consolidated net profit of INR 602 crore, a nearly 174% increase compared with the same quarter last year.
Total revenue from operations also climbed sharply, rising by about 62% year-on-year to INR 1,334 crore, the exchange’s highest quarterly sales on record.
The strong performance was driven mainly by heightened activity in the equity derivatives segment and a rise in transaction charges across multiple businesses. Equity derivatives activity reached a record level, contributing heavily to the earnings surge.
In addition, BSE registered nearly 100 new equity listings across its main board and SME platforms during the quarter, helping raise fresh capital for companies and driving additional fee income.
BSE Share Price Hits All-Time High Amid 7% Rally
On February 10, BSE shares opened at around INR 3,110, up 3% from the prior close of INR 2,985. The stock raced to a record high of INR 3,188 during the session, gaining over 6-7% intraday before settling around INR 3,125 to INR 3,183 by midday. This marked its third straight session of gains, reflecting market optimism.
The rally aligns with surging F&O momentum and overall market growth. Cash market volumes reached INR 7,645 crore, while the SME platform crossed 700 listings on February 1. No major pullback was reported as of 12:44 PM IST, with trading active on both NSE and BSE.
Analyst Target Prices Signal More Upside for BSE Stock
Brokerages have turned more positive on BSE shares after strong Q3 FY26 results, pointing to further upside potential. HDFC Securities maintained an ‘ADD’ rating with a target of INR 3,310, while Motilal Oswal kept a ‘Neutral’ call at INR 3,350, citing strong derivatives growth.
Centrum issued a ‘BUY’ rating with a target of INR 3,331, and Nuvama raised its target to INR 3,760, highlighting BSE’s rising share in index options trading.
Overall, analyst targets range between INR 3,300 and INR 3,800, suggesting a potential 5–20% upside from current levels. Analysts also see BSE’s product expansion and growing derivatives presence as key long-term growth drivers.
What’s Driving Growth and What Comes Next
Market experts say BSE’s stronger performance reflects broader interest in derivatives trading in India’s markets. The exchange has been gradually increasing its share of index options and weekly contracts, areas traditionally dominated by competitors, helping to lift transaction fees and overall profitability.
Despite the upbeat numbers, some analysts note that regulatory changes, such as higher Securities Transaction Tax (STT) on futures and options, could affect trading volumes in the coming quarters. Investors are watching how these factors play out as derivative traders adjust strategies.
For now, BSE’s successful third quarter, marked by strong profit growth, diverse revenue streams and rising share prices, has strengthened its position as a significant player in India’s financial markets and drawn renewed interest from domestic and international investors.
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