NSE Q2 profit rises 23 per cent to Rs 2,578 crore as trading volumes surge

Surging market participation drives strong earnings

The National Stock Exchange of India has posted a 23 per cent year-on-year increase in consolidated net profit for the second quarter ended September 2026, reaching Rs 2,578 crore. The earnings mark the exchange's maiden quarterly performance report following its successful debut on the stock market.

Driven by sustained domestic economic growth and strong capital market participation, NSE's consolidated total income rose 9 per cent year-on-year to Rs 4,554 crore. Consolidated revenue from transaction charges grew to Rs 3,035 crore, supported by robust growth across trading segments. Average daily traded volume in the cash market expanded 24 per cent to Rs 1,18,377 crore.

NSE Managing Director and Chief Executive Officer Ashishkumar Chauhan said the quarter marked a milestone phase in the exchange's evolution, demonstrating commitment to high standards of governance, transparency, and market innovation.

Key financial comparison for Q2 FY27

Capital market depth and exchequer contribution

Operating performance was further boosted by a 51 per cent decline in consolidated total expenses to Rs 1,161 crore, largely due to high base-year provisions related to regulatory settlement fees in the previous fiscal year. Consequently, operating EBITDA doubled to Rs 3,079 crore, with margins reaching 76 per cent.

During the first half of the financial year, NSE generated a total contribution of Rs 41,234 crore to the national exchequer. This included Rs 34,788 crore in securities and commodity transaction taxes, Rs 2,885 crore in income tax, Rs 1,926 crore in stamp duty, Rs 1,171 crore in goods and services tax, and Rs 464 crore in SEBI fees.

The exchange also expanded its market offerings by securing regulatory approvals for new index derivatives, launching Corporate Bond Index Futures, and facilitating India's first tokenised bond issuances amounting to Rs 1,000 crore. In addition, the NSE board approved a divestment of up to 40 per cent stake in its wholly-owned subsidiary, National Coal Exchange of India Limited.

DevX expands footprint with strong quarterly performance

Workspace provider DevX also delivered strong financial results for the second quarter, posting a 213.5 per cent year-on-year surge in net profit to Rs 5.5 crore. Consolidated operating revenue rose 54.8 per cent to Rs 80.2 crore, reflecting growing commercial activity and demand for managed office spaces across major urban hubs.

To support further expansion, the board of DevX approved a proposal to raise up to Rs 300 crore through the issuance of non-convertible debentures on a private placement basis. The board also approved the allotment of 33.3 lakh equity shares to its co-founders, Parth Shah, Rushit Shah, and Umesh Uttamchandani, upon full payment of the subscription amount.