SE Ltd: Net Profit Jumps 45%, Revenue Grows 34% YoY**

BSE **BSE Ltd: Net Profit Jumps 45%, Revenue Grows 34% YoY **BSE** BSE Limited reported strong Q2 FY27 financial performance, with consolidated net profit increasing 44.9% year-on-year to ₹809.15 crore compared with ₹558.43 crore in Q2 FY26. **Why it matters:** Revenue from operations increased 34.1% to ₹1,432.66 crore, while EBITDA surged 42.4% to ₹984 crore. EBITDA margin improved to 68.7% from 64.66%. Transaction charges grew 42% to ₹1,127.8 crore, reflecting strong contribution from trading activity. For H1 FY27, consolidated net profit jumped 53.3% to ₹1,683 crore. **My view:** Strong earnings growth reflects increasing market participation and the expansion of BSE's derivatives business. However, revenue and profit declined sequentially compared with Q1 FY27. **What to watch:** Derivatives turnover, transaction charges, market participation, regulatory changes, operating margins and competition. **Stance:** BSE remains well-positioned to benefit from India's growing capital markets ecosystem. However, trading activity, regulatory developments and valuation remain key factors. **Disclosure:** I am a SEBI Registered Research Analyst. This content is for educational and informational purposes only and is not investment advice or a recommendation to buy or sell any security. Investments in securities markets are subject to market risks.