The NSE on Tuesday posted a 10% sequential rise in its profit after tax (PAT) in the first quarter of this fiscal at Rs 2,924 crore. It had reported a profit of Rs 2,650 crore, a 31% quarter-on-quarter drop, in the January-March quarter. Compared with the same quarter in the previous year, NSE’s profit rose by 14%.
The IPO-bound exchange’s consolidated total income came in at Rs 4,798 crore, up 9% q-o-q but 3% lower than the same quarter a year ago. Of this, its core transaction charges segment generated Rs 3,150 crore, a sequential growth of 7% q-o-q. The exchange attributed this increase to higher volumes across the cash market and derivatives segments.
Volume recovery
Cash market average daily volume rose 14% q-o-q to Rs 1.08 lakh crore, while equity futures and equity options were up 5% and 9%, respectively. From the June quarter of FY25, the cash volume was down 12%, while the volumes in equity futures and equity options fell by around 20%.
NSE’s market share in the cash market fell to 93.8% from 94.6% in the quarter ended March. In the options market, its market share is down at 78.6% from 81.2% in the previous quarter.
On a standalone basis, NSE’s total income for Q1FY26 stood at Rs 4,243 crore compared to Rs 5,860 crore in the March quarter. “The sequential decline is largely attributable to the dividend received from NSE Investments on account of divestments of our non-core businesses during the last financial year,” the exchange said in a press statement. Due to this, the standalone profit fell 40% q-o-q to Rs 2,409 crore.
Awaiting SEBI nod for settlement
NSE said it is awaiting the SEBI’s approval for two of its applications to settle cases linked to unfair trading access, which were among the key hurdles for its listing, which has been halted since 2016. However, it did not disclose a settlement amount. Its notes to accounts said: “On June 20, 2025, the company filed two separate settlement applications for settlement of: Co-location WTM order and co-location AO order; and dark fibre WTM order and dark fibre AO order.”
“Revert from SEBI on the above-mentioned applications is awaited,” it added.