Consolidated profit in Q1FY26 increased by 10% QoQ to ₹ 2,924 crores

Contribution to the exchequer in Q1FY26 was ₹ 14,331 crores

Bengaluru : NSE, India’s leading exchange, reported a consolidated total income of ₹ 4,798 crore for Q1FY26, as against ₹ 4,397 crores for Q4FY25.

The consolidated revenue from transaction charges for Q1FY26 was ₹ 3,150 crores, a sequential growth of 7% QoQ due to an increase in volumes across cash market and derivatives segments.

On a consolidated basis, total expenditure for Q1FY26 decreased by 6% QoQ to ₹ 1,053 crores.

On a consolidated basis, the operating EBITDA increased by 12% QoQ to ₹ 3,130 crores. Excluding the gains from sales of investment in subsidiaries / associates, income tax refund and SEBI settlement fees, the normalized consolidated profit before tax for Q1FY26 increased by 12% QoQ to ₹ 3,683 crores.

Net profit increased by 10% QoQ to ₹ 2,924 crores for Q1FY26 from ₹ 2,650 crores for Q4FY25. Earnings per share (on non-annualized basis) for Q1FY26 was ₹ 11.81 as compared to ₹ 10.71 for Q4FY25.

On a standalone basis, NSE’s total income for Q1FY26 stood at ₹ 4,243 crores as compared to ₹ 5,860 crores for Q4FY25. 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. Excluding this one-time subsidiary dividend, NSE’s total income in Q1FY26 increased by 9% QoQ. The revenue from operations for Q1FY26 stood at ₹ 3,608 crores, a sequential increase of 6% QoQ, due to an increase in trading volumes across the cash market and derivatives segments.

In Q1FY26, the cash market trading segment recorded an average daily traded volume (ADTVs) of ₹ 1,08,542 crores (increase of 14% QoQ). The ADTV for equity futures segment in Q1FY26 stood at ₹ 1,68,430 crores (up by 5% QoQ); while the ADTV for equity options (premium value) stood at ₹ 55,514 crores (up by 9% QoQ). 

On a standalone basis, the operating EBITDA increased by 11% QoQ to ₹ 2,714 crores for Q1FY26 from ₹ 2,444 crores in Q4FY25. The normalized standalone profit before tax for Q1FY26, excluding the subsidiary dividend, income tax refund and SEBI settlement fees, increased 13% QoQ to ₹ 3,141 crores.

Net profit for Q1FY26 was ₹ 2,409 crores and net profit margin was 57% in Q1FY26.

During Q1FY26, NSE’s contribution to the exchequer was ₹ 14,331 crores which comprised STT/CTT of ₹ 12,338 crores, stamp duty of ₹ 875 crores, SEBI fees of ₹ 265 crores, income tax of ₹ 338 crores and GST of ₹ 515 crores. Out of STT/CTT of ₹ 12,338 crores, 54% is from the cash market segment and 46% is from the equity derivatives segment.