NSE Profits Surge 23% to Rs 2,578 Crore in Q2 FY27
National Stock Exchange reports a 23% jump in Q2 profit to Rs 2,578 crore, driven by higher trading volumes and lower expenses.
The National Stock Exchange (NSE) has posted a strong financial performance for the second quarter of the 2026-27 financial year, reporting a consolidated net profit of Rs 2,578 crore. This represents a 23 per cent increase compared to the Rs 2,098 crore earned during the same quarter last year. These results are particularly significant as they mark the exchange's first quarterly report since making its public debut in September 2026.
Revenue Growth and Expenditure Drop
The exchange's bottom line was bolstered by a steady rise in income and a dramatic decrease in costs. Total income for the quarter grew by 9 per cent, reaching Rs 4,554 crore. Meanwhile, expenditure saw a massive 51 per cent reduction, falling to Rs 1,161 crore.
A key driver behind this expenditure drop was the absence of a specific financial burden from the previous year; in the year-ago period, the NSE had recorded a SEBI settlement provision amounting to Rs 1,297 crore, which did not recur in this quarter.
Trading Volumes Drive Transaction Revenue
Transaction revenue, a core component of the NSE's earnings, climbed 9 per cent to reach Rs 3,035 crore. This growth was primarily fueled by an uptick in trading activity across the cash and equity options segments.
The data on Average Daily Traded Volume (ADTV) highlights the surge in market activity:
- Cash Market: ADTV jumped 24 per cent to Rs 1,18,377 crore.
- Equity Options: ADTV by premium value saw a 3 per cent increase, reaching Rs 47,977 crore.
- Equity Futures: Recorded an ADTV of Rs 1,24,574 crore.
Operational Efficiency and EBITDA
The NSE demonstrated exceptional operational efficiency this quarter. The consolidated operating EBITDA skyrocketed by 107 per cent year-on-year, hitting Rs 3,079 crore. This allowed the exchange to maintain a robust EBITDA margin of 76 per cent.
Strategic Divestment and Contribution to Exchequer
Beyond the financial numbers, the NSE board has moved forward with strategic structural changes. The board has approved the divestment of up to a 40 per cent stake in the National Coal Exchange of India, which is a wholly-owned subsidiary of the NSE. This will be carried out through a secondary sale of equity shares.
The exchange also highlighted its role as a major contributor to the national treasury. For the first half of FY27, the NSE contributed a total of Rs 41,234 crore to the exchequer, a sum that includes payments for income tax and securities transaction tax.