Mumbai: The National Stock Exchange of India (NSE) reported a 17.4 per cent sequential decline in consolidated net profit to ₹2,578 crore for the second quarter of FY27, compared with ₹3,120 crore in the preceding April–June quarter.
The country’s largest stock exchange also recorded a 10.8 per cent quarter-on-quarter decline in consolidated revenue to ₹4,067 crore from ₹4,560 crore, according to an IANS report citing its regulatory filing.
Profit Pressure
NSE’s operating performance weakened during the July–September quarter, with earnings before interest, tax, depreciation and amortisation (EBITDA) declining 13.3 per cent to ₹3,079 crore from ₹3,551 crore.
The EBITDA margin narrowed to 75.7 per cent from 77.9 per cent in the previous quarter, reflecting pressure on operating profitability.
Trading Activity
Despite weaker quarterly earnings, cash market trading remained strong.
Average daily traded volume (ADTV) in the cash market increased 24 per cent year-on-year to ₹1,18,377 crore.
Equity options ADTV, measured by premium value, rose 3 per cent to ₹47,977 crore, while equity futures ADTV stood at ₹1,24,574 crore.
Revenue Streams
NSE reported growth across several non-trading businesses.
Revenue from data connectivity charges reached ₹267 crore, while operating investment income increased 9 per cent year-on-year to ₹237 crore.
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Data feed and terminal services revenue surged 43 per cent to ₹165 crore. Listing services revenue jumped 70 per cent to ₹150 crore.
Strategic Expansion
The exchange announced plans to divest a 40 per cent stake in its National Coal Exchange of India subsidiary.
The proposed platform aims to establish an organised coal trading marketplace, with NSE planning to bring in strategic investors while retaining majority ownership.
Digital Bonds
During the quarter, NSE facilitated India’s first tokenised bond issuances worth ₹1,000 crore.
The development marks another step towards expanding digital infrastructure in India’s debt market.
NSE’s quarterly performance highlighted weaker sequential earnings alongside continued growth in trading volumes and selected non-trading revenue streams.
Disclaimer: This article is based on an IANS report citing NSE’s financial disclosures and is intended for informational purposes only.
