National Stock Exchange of India Limited (NSE) announced its financial results for the second quarter of fiscal year 2027, reporting a robust 23% year-on-year increase in profit after tax to ₹2,578 crore. Consolidated total income rose by 9% YoY to ₹4,554 crore, with revenue from operations up 11% YoY. The exchange attributed its strong performance to continued investor participation, higher trading volumes across asset classes, and sustained capital-market activity.
Strong Q2 FY27 Performance for NSE
National Stock Exchange of India Limited (NSE) has unveiled its financial performance for the second quarter (Q2) of fiscal year 2027 (FY27), showcasing significant year-on-year growth. The company reported a profit after tax of ₹2,578 crore, marking a substantial 23% increase compared to the same period in the previous fiscal year (Q2 FY26). This impressive growth underscores the resilience and expanding operational capabilities of the exchange.
Revenue and Income Growth
NSE’s consolidated total income for Q2 FY27 stood at ₹4,554 crore, representing a 9% rise from ₹4,160 crore in Q2 FY26. The primary driver of this growth was the revenue from operations, which constituted 89% of the total income and increased by 11% YoY to ₹4,067 crore. This expansion in revenue reflects strong market activity and the successful execution of NSE’s business strategies.
Profitability and Earnings Per Share
Profit before tax from continuing operations saw a 13% YoY increase, reaching ₹3,425 crore in Q2 FY27. On a normalised basis, excluding one-off events from the previous financial year, profit before tax from continuing operations grew by 9% YoY. The earnings per share (EPS) for the quarter was ₹10.41 on a non-annualised basis, highlighting the underlying strength of NSE’s operating franchise.
Half-Yearly Performance
In terms of performance for the first half (H1) of FY27, consolidated total income grew by 9% YoY to ₹9,807 crore. Revenue from operations also saw a healthy increase of 12% YoY, amounting to ₹8,627 crore. Profit after tax for H1 FY27 increased by 13% YoY to ₹5,698 crore, with an EPS of ₹23.02 on a non-annualised basis.
Drivers of Revenue Growth
The year-on-year growth in revenue from operations for Q2 FY27 was driven by several key segments, including transaction charges, listing revenues, and data-related services such as data centre rack charges, data feed and terminal services, and index licensing. Transaction charges specifically increased by 9% YoY to ₹3,035 crore, bolstered by higher volumes in cash market and equity options. The cash market segment saw a significant 30% YoY increase in transaction charges to ₹474 crore, reflecting enhanced investor participation.
Strategic Initiatives and Market Leadership
During the quarter, NSE commenced live trading in Electronic Gold Receipts (EGRs) and signed MoUs to develop steel and non-ferrous metal derivatives. The exchange also received a No Objection Certificate from SEBI for futures contracts on a Corporate Bond Index. Technology investments continue, with the implementation of tokenisation of corporate bonds under SEBI’s Regulatory Sandbox and the launch of the ‘Market LENS’ platform. NSE remains committed to investor protection and market integrity, maintaining an adequate Investor Protection Fund corpus of ₹2,973 crore as of September 30, 2026.
Subsidiary Performance
Key subsidiaries also reported strong performance. NSE Clearing saw its profit after tax increase by 11% YoY to ₹597 crore in H1 FY27. NSE Data & Analytics reported a 61% YoY increase in profit after tax to ₹123 crore in H1 FY27. NSE Indices reported a 9% YoY increase in profit after tax to ₹63 crore, while NSEIX, the wholly owned subsidiary in Gift City, saw its profit after tax increase 4.3 times to ₹15 crore in H1 FY27.
Source: BSE
