NSE's Consolidated Profit After Tax Surges 23% YoY to ₹2,578 Crore in Q2FY27
Total income rises 9% to ₹4,554 crore on higher cash market and equity options volumes; operating EBITDA doubles with 76% margin
National Stock Exchange of India (NSE) posted a 23% year-on-year increase in consolidated profit after tax to ₹2,578 crore for Q2FY27, supported by a 9% rise in total income to ₹4,554 crore driven by higher volumes in cash markets and equity options. Operating EBITDA surged 107% to ₹3,079 crore with margin at 76%, while half-year consolidated net profit increased 13% to ₹5,698 crore. The exchange also contributed ₹41,234 crore to the exchequer in H1FY27.
National Stock Exchange of India Limited
General / Other
The National Stock Exchange of India reported a 23% year-on-year increase in consolidated profit after tax amounting to ₹2,578 crore for the second quarter of fiscal year 2027, driven by a 9% rise in total income to ₹4,554 crore primarily due to higher trading volumes in cash markets and equity options.
Consolidated revenue from transaction charges increased 9% to ₹3,035 crore, supported by a 24% year-on-year rise in average daily traded volume (ADTV) in the cash market segment to ₹1,18,377 crore, and a 3% increase in ADTV for equity options to ₹47,977 crore.
Other revenue streams also grew with data feed and terminal services revenue rising 43% to ₹165 crore, listing services revenue up 70% to ₹150 crore, and operating investment income increasing 9% to ₹237 crore, compared to the same quarter last year.
Total consolidated expenditure for the quarter decreased by 51% to ₹1,161 crore, partly due to a prior year provision of ₹1,297 crore related to SEBI settlement fees, resulting in operating EBITDA of ₹3,079 crore and a margin of 76%.
Earnings per share on a non-annualized basis rose to ₹10.41 from ₹8.48 year-on-year in Q2FY27. For the first half of FY27, consolidated total income was ₹9,807 crore, operating EBITDA ₹6,674 crore, and net profit ₹5,698 crore.
On a standalone basis, NSE's total income rose 8% to ₹3,956 crore, with operating EBITDA at ₹2,622 crore and a profit after tax of ₹2,164 crore for Q2FY27. Profit margins stood at 55% for the quarter and 56% for the first half year period.
Highlights
- Consolidated profit after tax for Q2FY27 increased by 23% YoY to ₹2,578 crore.
- Consolidated total income increased 9% YoY to ₹4,554 crore, driven by higher transaction charges from cash markets and equity options.
- Average daily traded volume in cash market rose 24% YoY to ₹1,18,377 crore in Q2FY27.
- Operating EBITDA jumped 107% YoY to ₹3,079 crore with a 76% margin in Q2FY27.
- NSE contributed ₹41,234 crore to the Indian exchequer in H1FY27, including ₹34,788 crore from securities transaction tax and commodity transaction tax.
- Standalone profit after tax grew 16% YoY to ₹2,164 crore with a 55% margin in Q2FY27.
Key Data Snapshot
What happened
- NSE reported a 23% increase in consolidated profit after tax to ₹2,578 crore for Q2FY27 compared to ₹2,098 crore in Q2FY26.
- Consolidated total income rose 9% year-on-year to ₹4,554 crore, driven primarily by higher transaction charges from increased market activity.
- Average daily traded volume (ADTV) in cash market surged by 24% to ₹1,18,377 crore in Q2FY27.
- Operating EBITDA doubled to ₹3,079 crore with a margin of 76%, benefiting from lower expenditure due to prior year provisions.
- Standalone profit after tax increased 16% year-on-year to ₹2,164 crore in Q2FY27 with a profit margin of 55%.
Key details
- Revenue from transaction charges increased by 9% to ₹3,035 crore in Q2FY27 from ₹2,789 crore in Q2FY26.
- Cash market trading had an ADTV of ₹1,18,377 crore, while equity options ADTV was ₹47,977 crore in Q2FY27.
- Data feed and terminal services income rose by 43% to ₹165 crore and listing services income increased 70% to ₹150 crore compared to Q2FY26.
- Consolidated total expenditure reduced by 51% to ₹1,161 crore in Q2FY27, due to absence of SEBI settlement fees provision present in prior year.
- During H1FY27, NSE's contribution to the exchequer totaled ₹41,234 crore, led by securities transaction tax and commodity transaction tax.
Regulatory and governance context
- NSE completed its listing on the stock exchange during Q2FY27, marking a significant milestone in the company's governance and transparency.
- The exchange facilitated India's first-ever tokenised bond issuances aggregating ₹1,000 crore during the quarter.
- NSE obtained regulatory approvals for new derivatives products including futures on the Nifty India FPI 150 Index and Corporate Bond Index Futures.
- The quarter marked 30 years of NSE Clearing's operations supporting India's capital markets.
Highlights
- Consolidated profit after tax for Q2FY27 increased by 23% YoY to ₹2,578 crore.
- Consolidated total income increased 9% YoY to ₹4,554 crore, driven by higher transaction charges from cash markets and equity options.
- Average daily traded volume in cash market rose 24% YoY to ₹1,18,377 crore in Q2FY27.
- Operating EBITDA jumped 107% YoY to ₹3,079 crore with a 76% margin in Q2FY27.
- NSE contributed ₹41,234 crore to the Indian exchequer in H1FY27, including ₹34,788 crore from securities transaction tax and commodity transaction tax.
- Standalone profit after tax grew 16% YoY to ₹2,164 crore with a 55% margin in Q2FY27.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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