The National Stock Exchange (NSE) reported a 10 per cent quarter-on-quarter jump in net profit at Rs 2,924 crore for the first quarter of FY26, compared to Rs 2,650 crore in the previous quarter. Revenue from operations grew 7 per cent sequentially to Rs 4,032 crore, mainly due to higher trading volumes across the cash and derivatives markets. Transaction charges rose to Rs 3,150 crore, marking a 7 per cent increase from the previous quarter.
NSE posts strong growth despite high base in Q4FY25
The exchange posted a 9 per cent rise in total consolidated income at Rs 4,798 crore during the April–June quarter, up from Rs 4,397 crore in Q4FY25.
The strong growth came despite a high base in the previous quarter, which included a one-time dividend income from its subsidiary NSE Investments.
NSE said the operating EBITDA grew 12 per cent QoQ to Rs 3,130 crore, with margins improving to 78 per cent from 74 per cent. The earnings per share (EPS) stood at Rs 11.81, up from Rs 10.71 in Q4FY25.
NSE maintains dominant market share
The cash market segment saw a robust 14 per cent rise in average daily traded volumes (ADTV) to Rs 1.08 lakh crore. Equity futures ADTV increased 5 per cent to Rs 1.68 lakh crore, while equity options ADTV (premium value) jumped 9 per cent to Rs 55,514 crore. Currency derivatives volume, however, declined sharply by 35 per cent.
Despite this drop in the currency segment, the exchange retained a market share of over 94 per cent in the cash market and nearly 100 per cent in the equity futures space.
Contribution to the exchequer crosses Rs 14,000 crore
NSE’s contribution to the exchequer during Q1FY26 stood at Rs 14,331 crore, which included securities transaction tax (STT) and commodities transaction tax (CTT) worth Rs 12,338 crore. Of this, 54 per cent came from the cash segment and 46 per cent from derivatives.
Other contributions included stamp duty of Rs 875 crore, SEBI fees of Rs 265 crore, income tax of Rs 338 crore and GST of Rs 515 crore.
Excluding one-time gains from sale of subsidiaries, tax refunds and SEBI settlement costs, the normalised consolidated profit before tax (PBT) rose 12 per cent QoQ to Rs 3,683 crore. This indicates underlying strength in core operations.
Rs 5.2 lakh crore fund mobilised in Q1 through equity and debt
The total funds mobilised in Q1FY26 stood at Rs 5.2 lakh crore, including Rs 4.2 lakh crore through debt issuances and Rs 1 lakh crore through equity. Of the equity raised, Rs 20,000 crore came from IPOs. A total of 33 IPOs were listed during the quarter across mainboard and SME platforms.
The exchange said that over 11.6 crore unique investors are now registered on its platform. NSE’s Investor Protection Fund Trust corpus stood at Rs 2,573 crore as of June 2025.