National Stock Exchange of India Ltd
NSE Q2 FY27 Consolidated Net Profit Up 23% YoY to ₹ 2,578 crore
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 03 Nov 2026, 05:43 PM IST · BSE ID: 3126a552-ff05-48a2-b5ba-32e855dec2fe
View Original BSE Filing (PDF)
💡
In Simple Terms
NSE's Q2 FY27 profits grew by 23% to ₹ 2,578 crore, while total income increased 9% to ₹ 4,554 crore.
🤖 AI Summary
- Consolidated Profit After Tax for Q2 FY27 increased 23% YoY to ₹ 2,578 crore.
- Consolidated Total Income for Q2 FY27 rose 9% YoY to ₹ 4,554 crore.
- Operating EBITDA for Q2 FY27 surged 107% YoY to ₹ 3,079 crore, achieving a 76% margin.
- Revenue from transaction charges grew 9% to ₹ 3,035 crore, driven by higher trading volumes.
- Company completed listing, facilitated India's first-ever tokenised bond issuances of ₹ 1,000 crore.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Consolidated Profit After Tax Q2 FY27
₹ 2,578 crore
23%
Consolidated Total Income Q2 FY27
₹ 4,554 crore
9%
Consolidated Operating EBITDA Q2 FY27
₹ 3,079 crore
107%
Revenue from transaction charges Q2 FY27
₹ 3,035 crore
9%
Consolidated Profit After Tax H1 FY27
₹ 5,698 crore
13%
Consolidated Total Income H1 FY27
₹ 9,807 crore
9%
Contribution to the Exchequer H1 FY27
₹ 41,234 crore
🏢 How This Affects the Company
The increase in transaction charges revenue by 9% to ₹ 3,035 crore reflects strong growth in core trading segments, particularly cash markets and equity options, enhancing market position. Facilitating India's first tokenised bond issuances diversifies service offerings and innovation.
Consolidated Profit After Tax increased 23% YoY to ₹ 2,578 crore, and Operating EBITDA increased 107% YoY to ₹ 3,079 crore, primarily due to a 51% reduction in total expenditure, improving profitability and margins. Earnings per share rose to ₹ 10.41 from ₹ 8.48.
No specific operational changes are indicated beyond business growth and new product initiatives like tokenised bonds and new index derivatives, which broaden the exchange's platform.
The significant reduction in total expenditure for Q2 FY27 by 51% YoY is noted due to a ₹ 1,297 crore provision recognized in the prior year related to SEBI settlement fees, indicating a non-recurring cost impact. This specific mention mitigates future recurrence risk from this particular event.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, specifically the 23% YoY increase in consolidated Profit After Tax to ₹ 2,578 crore for Q2 FY27.
🔍
Management Signal
Management's focus remains on driving core business growth through increased trading volumes, enhancing profitability, and exploring new market infrastructure initiatives like tokenised bonds.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — monitor transaction charge revenue trends.
Updates on new product pipelines like Nifty India FPI 150 Index derivatives.
Further developments regarding digital bond market infrastructure and tokenised issuances.
LOW RISK
Financial results show strong growth in core metrics and one-time prior year expenditure is clearly identified.
💡 Investor Takeaway
NSE reported a 23% YoY increase in consolidated Profit After Tax to ₹ 2,578 crore for Q2 FY27. Consolidated Total Income grew 9% YoY to ₹ 4,554 crore, driven by a 9% rise in transaction charges to ₹ 3,035 crore. Operating EBITDA increased 107% YoY to ₹ 3,079 crore.
⚖️ Strengths & Concerns
✅ Positives
- Consolidated Profit After Tax for Q2 FY27 increased 23% YoY to ₹ 2,578 crore, demonstrating strong profitability growth.
- Consolidated Operating EBITDA for Q2 FY27 rose 107% YoY to ₹ 3,079 crore, with an EBITDA margin of 76%.
⚠️ Concerns
- The 51% YoY reduction in total expenditure for Q2 FY27, to ₹ 1,161 crore, was primarily due to a non-recurring ₹ 1,297 crore provision in Q2 FY26 for SEBI settlement fees.
- While overall volumes increased, the Average Daily Traded Volume for equity options (premium value) grew only 3% YoY to ₹ 47,977 crore.
📅 Company Track Record
NSE (National Stock Exchange of India Ltd) began operations in 1994, pioneering electronic trading in India. It was ranked as the world’s largest derivatives exchange by trading volume in calendar year 2025 and third in the world for equity segment trades in 2025.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was National Stock Exchange of India Ltd's consolidated net profit in Q2 FY27?
National Stock Exchange of India Ltd reported a consolidated Profit After Tax of ₹ 2,578 crore for Q2 FY27, marking a 23% increase YoY.
What was the consolidated total income for NSE in Q2 FY27?
The consolidated total income for NSE in Q2 FY27 was ₹ 4,554 crore, representing a 9% increase YoY from ₹ 4,160 crore in Q2 FY26.
How did revenue from transaction charges perform for NSE in Q2 FY27?
Revenue from transaction charges for NSE increased by 9% to ₹ 3,035 crore in Q2 FY27, compared to ₹ 2,789 crore in Q2 FY26.
What was NSE's contribution to the exchequer for H1 FY27?
NSE's contribution to the exchequer for H1 FY27 was ₹ 41,234 crore, including STT/CTT of ₹ 34,788 crore, income tax of ₹ 2,885 crore, and other duties/fees.
What was the reason for the significant reduction in total expenditure for NSE in Q2 FY27?
Total expenditure for Q2 FY27 reduced by 51% YoY to ₹ 1,161 crore, mainly because the previous fiscal year's corresponding quarter included a ₹ 1,297 crore provision for SEBI settlement fees.
Questions based on this BSE filing only. For information purposes.