THEBUSINESSBYTES BUREAU

MUMBAI, JULY 30, 2026

IPO-bound National Stock Exchange of India (NSE) on Thursday reported a 7 per cent year-on-year increase in its consolidated profit after tax (PAT) to Rs 3,120 crore for the quarter ended June 2026 (Q!FY27), driven by higher transaction charge income and sustained growth in trading activity across cash and derivatives segments.

The country's largest stock exchange had posted a consolidated PAT of Rs 2,924 crore in the corresponding quarter of the previous financial year. The improved profitability came on the back of healthy growth in operating income despite a rise in expenditure during the quarter.

NSE's total income rose 9 per cent year-on-year to Rs 5,252 crore in the April-June quarter of FY27 from Rs 4,798 crore in the same period last year, reflecting strong momentum in market activity and higher participation across trading segments.

Transaction charges continued to be the exchange's largest revenue contributor, with income from this segment increasing to Rs 3,623 crore from Rs 3,154 crore a year ago. The exchange also earned Rs 258 crore from data connectivity charges, Rs 234 crore as operating investment income and Rs 150 crore from data feed and terminal services, underscoring the strength of its diversified revenue streams.

Higher trading volumes, particularly in the equity derivatives and cash market segments, remained the key driver of the exchange's financial performance during the quarter. Even as total expenses increased to Rs 1,129 crore from Rs 1,053 crore in the year-ago period due to higher operational costs associated with business expansion, NSE maintained healthy profitability supported by growth in its core operating revenues.

The exchange also made a substantial contribution to the government exchequer during the quarter, paying Rs 20,579 crore through taxes and statutory levies. This included Rs 18,313 crore towards Securities Transaction Tax (STT) and Commodities Transaction Tax (CTT), Rs 980 crore in stamp duty, Rs 657 crore in Goods and Services Tax (GST), Rs 373 crore in income tax and Rs 256 crore in fees paid to the Securities and Exchange Board of India (Sebi).

Among the total STT and CTT collections, the equity derivatives segment accounted for 57 per cent, followed by the cash delivery segment at 37 per cent, while cash intraday trades contributed the remaining 6 per cent.

The strong quarterly performance comes at a crucial juncture for the exchange as it prepares for its long-awaited public listing. In June, NSE filed its draft red herring prospectus with Sebi for its initial public offering, which is entirely an offer for sale of 14.89 crore equity shares, representing nearly 6 per cent of the exchange's equity capital.

Estimated at around Rs 30,000 crore, the proposed IPO is expected to rank among the largest public offerings in the history of India's capital markets, marking a significant milestone for the country's leading stock exchange.