NSE Q2 FY27 results: Net profit declines 17% QoQ; firm disinvests stake in National Coal Exchange of India

The company has registered a drop of 11% in revenue from operations quarter-on-quarter (QoQ) at ₹4,067 crore in contrast to ₹4,560 crore reported in Q1 FY27.

The exchanges’ consolidated revenue from transaction charges for Q2 FY27 increased 9% to ₹3,035 crore from ₹2,789 crore annually, driven by higher volumes in cash markets and equity options segments.

The operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), slipped 13% to ₹3,079 crore as compared to ₹3,551 crore in the previous quarter of the current fiscal year.

Its EBITDA margin also contracted to 75.7% in the reporting quarter from 77.9% in Q1 FY27.

For Q2 FY27, NSE’s cash market trading segment recorded an average daily traded volume (ADTV) of ₹1,18,377 crore, up 24% YoY. The ADTV for equity options (premium value) increased by 3% YoY to ₹47,977 crore, while the ADTV for the equity futures segment in Q2 FY27 stood at ₹1,24,574 crore.

On a consolidated basis, total expenditure for Q2 FY27 reduced 51% yearly to ₹1,161 crore as against ₹2,354 crore for Q2 FY26. During the corresponding quarter of the previous fiscal year, NSE had recognised a provision of ₹ 1,297 crore towards the SEBI settlement fees related to colocation and dark fiber matters.

“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,” said Ashishkumar Chauhan, Managing Director & CEO, NSE.

For the H1 FY27 period, the consolidated total income increased 9% YoY to ₹9,807 crore as against ₹8,959 crore for H1 FY26. The operating EBITDA stood at ₹6,674 crore, gaining 45%, with a margin of 77%.

The consolidated net profit for H1 FY27 jumped 13% YoY to ₹ 5,698 crore with earnings per share at ₹ 23.02 (on a non-annualised basis).

Alongside the earnings announcement, NSE’s board of directors approved the divestment of up to 40% of the stake in National Coal Exchange of India Limited, a wholly owned subsidiary, through the secondary sale of its equity shares in one or more tranches.

Further, during the quarter, NSE facilitated India’s first-ever tokenised bond issuances, aggregating ₹1,000 crore, marking a significant milestone in the evolution of digital bond market infrastructure. NSE 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.

On Tuesday, shares of the National Stock Exchange closed at ₹1,803.80 apiece on BSE, gaining 1.35%. The earnings, however, came after the market hours.