NSE Q2 Results: Profit jumps 23% to Rs 2,578 crore, revenue rises 9%

The growth was driven by higher trading volumes in the cash market and equity options segments.NSE's consolidated total income also increased 9% YoY to Rs 4,554 crore in Q2FY27, compared with Rs 4,160 crore in the year-ago period.Trading volumesThe cash market trading segment recorded an average daily traded volume (ADTV) of Rs 1,18,377 crore in Q2FY27, marking a 24% increase YoY.Live EventsThe ADTV for equity options, measured by premium value, increased 3% YoY to Rs 47,977 crore.

Meanwhile, the ADTV for the equity futures segment stood at Rs 1,24,574 crore during the quarter.Revenue breakdownRevenue from data connectivity charges stood at Rs 267 crore during Q2FY27.Revenue from operating investment income increased 9% YoY to Rs 237 crore, compared with Rs 217 crore in Q2FY26. Revenue from data feed and terminal services rose 43% YoY to Rs 165 crore, from Rs 115 crore in the year-ago quarter.Revenue from listing services increased 70% YoY to Rs 150 crore, compared with Rs 88 crore in Q2FY26.Expenditure and operating performanceOn a consolidated basis, total expenditure declined 51% YoY to Rs 1,161 crore in Q2FY27, compared with Rs 2,354 crore in Q2FY26.During the corresponding quarter of the previous fiscal year, NSE had recognised a provision of Rs 1,297 crore towards SEBI settlement fees related to the colocation and dark fibre matters.Consolidated operating EBITDA increased 107% YoY to Rs 3,079 crore in Q2FY27, with an EBITDA margin of 76%.Earnings per share (EPS), on a non-annualised basis, increased to Rs 10.41 in Q2FY27, compared with Rs 8.48 in Q2FY26.Standalone performanceOn a standalone basis, NSE's total income increased 8% YoY to Rs 3,956 crore in Q2FY27, compared with Rs 3,666 crore in Q2FY26.Revenue from operations rose 9% YoY to Rs 3,567 crore, from Rs 3,266 crore in the corresponding quarter of the previous fiscal year.Standalone operating EBITDA stood at Rs 2,622 crore in Q2FY27, with an EBITDA margin of 74%.Standalone profit after tax increased 16% YoY to Rs 2,164 crore, compared with Rs 1,858 crore in Q2FY26.

The PAT margin stood at 55%.For H1FY27, standalone total income increased 8% YoY to Rs 8,568 crore, of which operating revenue accounted for Rs 7,634 crore.Standalone operating EBITDA increased 51% YoY to Rs 5,726 crore, with a margin of 75%. Net profit for the first half rose 12% YoY to Rs 4,798 crore, with a margin of 56%.H1FY27 performanceFor the first half of FY27 (H1FY27), consolidated total income increased 9% YoY to Rs 9,807 crore, compared with Rs 8,959 crore in H1FY26.Operating EBITDA rose 45% to Rs 6,674 crore, with an EBITDA margin of 77%.

Consolidated net profit increased 13% YoY to Rs 5,698 crore, while earnings per share stood at Rs 23.02 on a non-annualised basis.Contribution to the exchequerDuring H1FY27, NSE's contribution to the exchequer stood at Rs 41,234 crore.This included Rs 34,788 crore in securities transaction tax (STT) and commodities transaction tax (CTT), Rs 2,885 crore in income tax, Rs 1,926 crore in stamp duty, Rs 1,171 crore in goods and services tax (GST), and Rs 464 crore in SEBI fees.Of the total STT/CTT contribution of Rs 34,788 crore, the cash market delivery-based segment accounted for 38%, the cash market intraday segment contributed 7%, and the equity derivatives segment made up the remaining 55%.NSE approves divestment of up to 40% stake in coal exchange subsidiaryThe board of the National Stock Exchange of India (NSE) has approved the divestment of up to 40% stake in National Coal Exchange of India Limited, its wholly-owned subsidiary.The proposed divestment will be carried out through a secondary sale of equity shares in one or more tranches.The exchange said further disclosures will be made once the terms of the proposed transaction are finalised or upon the occurrence of any further disclosable event.Management commentaryCommenting on the exchange's maiden quarterly results following its listing, Ashishkumar Chauhan, Managing Director and CEO of NSE, said, “Q2FY27 was a momentous quarter for us as we successfully completed the listing of one of the world's largest and most technologically advanced market infrastructure institutions.

The listing milestone marked an important phase in our evolution, reflecting our continued commitment to the highest standards of governance, transparency and value creation, as we continue to drive innovation and deepen India's capital market ecosystem.”“During the quarter, NSE facilitated India's first-ever tokenised bond issuances aggregating Rs 1,000 crore, marking a significant milestone in the evolution of digital bond market infrastructure."The exchange, he said, also advanced its product pipeline across asset classes with regulatory approvals and new initiatives, including derivatives on the Nifty India FPI 150 Index and Corporate Bond Index Futures.

During the quarter, NSE also celebrated 30 years of NSE Clearing's contribution to the development of India's capital markets.NSE share priceAhead of its results announcement, NSE shares ended Tuesday's trading session at Rs [closing price] apiece on the BSE, up 1.35% from the previous close of Rs 1,779.70. During the session, the stock traded in the range of Rs 1,782 to Rs 1,814.50.NSE shares made their Dalal Street debut in September following its Rs 22,562 crore public offering, which comprised an offer for sale (OFS) of 12.64 crore equity shares.

The stock is currently trading around 1% above its IPO issue price of Rs 1,785 per share, while remaining nearly flat compared with its listing price of Rs 1,800 per share.(You can now subscribe to our ETMarkets WhatsApp channel)