NSE reports ₹2,578 crore profit for July-September, up 23%, in first results since its shares listed
The National Stock Exchange of India's consolidated profit rose 23% to ₹2,578 crore in the September 2026 quarter. Its operating EBITDA, a measure of earnings from operations, more than doubled to ₹3,079 crore.
The National Stock Exchange of India Limited (NSE) reported a consolidated net profit of ₹2,578 crore for the quarter ended 30 September 2026, up 23% from the same quarter a year earlier, according to news reports of its results announced on 3 November 2026. These are the first quarterly results since NSE’s shares listed on the BSE on 24 September 2026, so they are the first the exchange has reported as a listed company.
Key figures for the quarter
| Item | July-September 2026 (Q2 FY27) | Year earlier (Q2 FY26) |
|---|---|---|
| Consolidated net profit | ₹2,578 crore | ₹2,098 crore |
| Total income | ₹4,554 crore | ₹4,160 crore |
| Total expenditure | ₹1,161 crore | ₹2,354 crore |
| Earnings per share | ₹10.41 | ₹8.48 |
Total income rose about 9.5%. Expenditure fell by about half.
Why expenditure fell and EBITDA doubled
EBITDA stands for earnings before interest, taxes, depreciation and amortisation. It is a measure of what a business earns from its operations before those items are deducted. NSE reported an operating EBITDA of ₹3,079 crore for the quarter, up 107%, with a reported EBITDA margin of 76%.
The year-earlier quarter included a one-time provision of ₹1,297 crore for settlement fees to the Securities and Exchange Board of India (SEBI), linked to the colocation and dark fibre matters, according to Business Today. A provision is an amount a company sets aside in its accounts for an expected payment. That item is the main reason expenditure was lower this year. Without it, the year-earlier expenditure would have been about ₹1,057 crore, against ₹1,161 crore this quarter.
Where the income came from
- Transaction charges, the largest line: ₹3,035 crore, up 9% from ₹2,789 crore.
- Listing services: ₹150 crore, up 70%.
- Data feed and terminal services: ₹165 crore, up 43%.
Average daily trading value in the cash market was ₹1,18,377 crore, up 24%. In equity options, measured by premium value, it was ₹47,977 crore, up 3%.
First half of FY27
For April to September 2026, consolidated net profit was ₹5,698 crore, up 13%, and total income was ₹9,807 crore, up 9%, and consolidated operating EBITDA was ₹6,674 crore, up 45%, according to Business Today and Kotak Neo.
Basis of these figures
Figures are taken from Business Today’s report of the results announced on 3 November 2026 and cross-checked against reports by Zee Business, Kotak Neo and India IPO. The prior-year profit of ₹2,098 crore is from Kotak Neo’s report. NSE’s own results filing was not accessed. Percentage changes are as reported or calculated from the figures shown. This article reports the numbers only and carries no view on the shares.