NSE Q2 results: Consolidated profit rises to Rs 2,578 crore, revenue at Rs 4,067 crore

The exchange's operating performance also improved during the quarter. Consolidated operating EBITDA more than doubled, rising 107% year-on-year to Rs 3,079 crore. The EBITDA margin stood at 76%. Transaction charges drive revenue growth Revenue from transaction charges increased 9% year-on-year to Rs 3,035 crore in Q2 FY27, compared with Rs 2,789 crore in the year-ago period. The growth was driven by higher trading volumes in the cash market and equity options segments.

The cash market recorded an average daily traded volume (ADTV) of Rs 1,18,377 crore, up 24% year-on-year. ADTV in equity options, measured by premium value, increased 3% to Rs 47,977 crore. The average daily traded volume in the equity futures segment stood at Rs 1,24,574 crore. Revenue from data feed and terminal services rose 43% to Rs 165 crore from Rs 115 crore, while listing services revenue increased 70% to Rs 150 crore from Rs 88 crore.

Revenue from operating investment income grew 9% to Rs 237 crore from Rs 217 crore. Data connectivity charges contributed Rs 267 crore during the quarter. The higher expenditure in the year-ago quarter was partly due to a provision of Rs 1,297 crore recognised towards settlement fees payable to the Securities and Exchange Board of India (SEBI) in connection with the colocation and dark fibre matters.

Consolidated earnings per share, on a non-annualised basis, increased to Rs 10.41 in Q2 FY27 from Rs 8.48 in Q2 FY26. First-half profit rises 13% For the first half of FY27, NSE's consolidated total income increased 9% year-on-year to Rs 9,807 crore, compared with Rs 8,959 crore in H1 FY26. Operating EBITDA rose 45% to Rs 6,674 crore, with a margin of 77%. Consolidated net profit for the six-month period increased 13% to Rs 5,698 crore, while earnings per share stood at Rs 23.02 on a non-annualised basis.

The exchange's contribution to the exchequer during H1 FY27 stood at Rs 41,234 crore. This included securities transaction tax and commodity transaction tax (STT/CTT) of Rs 34,788 crore, income tax of Rs 2,885 crore, stamp duty of Rs 1,926 crore, goods and services tax of Rs 1,171 crore and SEBI fees of Rs 464 crore. Of the total STT/CTT contribution, the cash market delivery-based segment accounted for 38%, the cash market intraday segment for 7%, and the equity derivatives segment for 55%.

The exchange also advanced its product pipeline following regulatory approvals and the introduction of new initiatives, including derivatives on the Nifty India FPI 150 Index and Corporate Bond Index Futures. Commenting on the quarter, Ashishkumar Chauhan, managing director and chief executive officer of NSE, said the exchange had completed the listing of one of the world's largest and most technologically advanced market infrastructure institutions.

He said the listing marked an important phase in NSE's evolution and reflected its commitment to governance, transparency and value creation, while continuing to deepen India's capital market ecosystem. Standalone profit increases 16% On a standalone basis, NSE's total income increased 8% year-on-year to Rs 3,956 crore in Q2 FY27, compared with Rs 3,666 crore in Q2 FY26. Revenue from operations rose 9% to Rs 3,567 crore from Rs 3,266 crore.

Standalone operating EBITDA stood at Rs 2,622 crore, with an EBITDA margin of 74%. Standalone profit after tax increased 16% to Rs 2,164 crore from Rs 1,858 crore in the year-ago quarter. The standalone profit after tax margin stood at 55%. For H1 FY27, standalone total income rose 8% to Rs 8,568 crore, of which operating revenue accounted for Rs 7,634 crore. Operating EBITDA increased 51% to Rs 5,726 crore, with a margin of 75%, while net profit grew 12% to Rs 4,798 crore.