NSE Q2 Net Profit Jumps 23% to Rs 2,578 Crore on Trading Surge
National Stock Exchange reports a 23% jump in Q2 net profit driven by higher transaction revenues and lower expenditures.
The National Stock Exchange (NSE) has posted a strong financial performance for the second quarter of FY27, with its consolidated net profit climbing 23 per cent year-on-year to reach Rs 2,578 crore. This growth was primarily fueled by a significant rise in transaction revenues and a substantial reduction in overall expenditures compared to the same period last year.
Revenue Growth and Trading Volumes
The exchange's consolidated total income saw a 9 per cent increase, rising to Rs 4,554 crore from Rs 4,160 crore in the corresponding quarter of the previous year. A major driver of this growth was the revenue from transaction charges, which grew by 9 per cent to hit Rs 3,035 crore, up from Rs 2,789 crore a year ago.
This surge in revenue was underpinned by robust trading activity across various segments:
- Cash Market: The average daily traded volume (ADTV) soared by 24 per cent year-on-year, reaching Rs 1,18,377 crore.
- Equity Options: Measured by premium value, the ADTV in this segment rose by 3 per cent to Rs 47,977 crore.
- Equity Futures: This segment recorded an ADTV of Rs 1,24,574 crore.
Expenditure Drop and EBITDA Boost
One of the most striking aspects of the Q2 results is the sharp decline in consolidated expenditure, which plummeted 51 per cent to Rs 1,161 crore, down from Rs 2,354 crore in Q2FY26. This decrease is largely attributed to the fact that in the previous year's quarter, the NSE had recognized a massive provision of Rs 1,297 crore for SEBI settlement fees concerning dark fibre and colocation issues.
As a result of lower costs and higher income, the consolidated operating EBITDA more than doubled, skyrocketing 107 per cent year-on-year to Rs 3,079 crore, maintaining a healthy EBITDA margin of 76 per cent.
Diversified Income and Half-Yearly Performance
Beyond transaction charges, the NSE saw impressive growth in other revenue streams. Income from terminal services and data feeds jumped 43 per cent to Rs 165 crore, while listing services revenue surged by 70 per cent to Rs 150 crore.
Looking at the first half of FY27, the exchange's consolidated total income increased by 9 per cent to Rs 9,807 crore, while the net profit for the six-month period rose 13 per cent to Rs 5,698 crore.
Contribution to the National Exchequer
The NSE also highlighted its significant contribution to the government. During the first half of the fiscal year, the exchange contributed Rs 41,234 crore to the exchequer. This total includes GST, income tax, stamp duty, securities transaction tax, and SEBI fees.
Innovation and New Product Approvals
The quarter was not just about financial gains but also about strategic milestones. The NSE facilitated India's first-ever tokenised bond issuances, which aggregated to Rs 1,000 crore.
Furthermore, the exchange has received regulatory green lights for several new products, including Corporate Bond Index Futures and derivatives based on the Nifty India FPI 150 Index, signaling a push toward expanding its product suite for investors.