- Consolidated total income for Q4FY26 increased by 22% QoQ to ₹ 5,360 crore
- Consolidated profit after tax in Q4FY26 increased by 19% QoQ to ₹ 2,871 crore
- Consolidated total income for FY26 stood at ₹ 18,713 crore
- Consolidated profit after tax for FY26 was ₹ 10,302 crore
- The Board of NSE has recommended a dividend of ₹ 35 per share for FY26 subject to shareholders’ approval
- Contribution to the exchequer in FY26 was ₹ 59,186 crore
Mumbai: NSE, India’s leading exchange, reported a consolidated total income of ₹ 5,360 crore for Q4FY26 as against ₹ 4,395 crore for Q3FY26.
The consolidated revenue from transaction charges for Q4FY26 was ₹ 4,077 crores, a sequential growth of 34% QoQ led by an increase in volumes across equity cash market and derivatives segments. Revenue from data connectivity charges for Q4FY26 was ₹ 269 crore, operating investment income was ₹ 198 crore and that from data feed and terminal services stood at ₹ 128 crore.
On a consolidated basis, total expenditure for Q4FY26 increased by 20% QoQ to ₹ 1,486 crore primarily on account of year-end provision for CSR expenditure of ₹ 223 crore as against ₹ 5 crore in Q3FY26. During Q4FY26, NSE has also recognized a provision of ₹ 84 crore towards the settlement applications for (a) Colocation WTM Order and Colocation AO Order & (b) Dark Fibre WTM Order and Dark Fibre AO Order. On March 13, 2026, NSE filed revised settlement terms with SEBI, for a cumulative amount of Rs. 1,491.21 crores, in respect of the above matters. The settlement applications are pending for final disposal with SEBI.
Operating EBITDA for Q4FY26 increased 27% QoQ to ₹ 3,633 crore from ₹ 2,851 crore. Excluding the impact of SEBI Settlement fees and new labour codes, the normalized consolidated profit before tax for Q4FY26 increased by 20% QoQ to ₹ 3,990 crore.
On a consolidated basis, profit after tax increased by 19% QoQ to ₹ 2,871 crore for Q4FY26 from ₹ 2,409 crore for Q3FY26. Earnings per share (on non-annualized basis) for Q4FY26 was ₹ 11.60 as compared to ₹ 9.73 for Q3FY26.
For FY26, the consolidated total income was ₹ 18,713 crore as against ₹ 19,177 crore in FY25. On a consolidated basis, reported profit after tax for FY26 was ₹ 10,302 crore with earnings per share at ₹ 41.62.
On a standalone basis, NSE’s total income for Q4FY26 increased by 9% QoQ to ₹ 4,811 crore as compared to ₹ 4,419 crore for Q3FY26. The revenue from operations for Q4FY26 stood at ₹ 4,518 crore, a sequential increase of 28% QoQ, due to an increase in trading volumes across the equity cash and derivatives segments.
In Q4FY26, the cash market trading segment recorded an average daily traded volume (ADTV) of
₹ 1,19,617 crore, up 21% QoQ. The ADTV for equity futures segment in Q4FY26 grew by 17% QoQ to ₹ 1,77,891 crore; while the ADTV for equity options (premium value) grew by 43% QoQ to ₹ 76,375 crore.
On a standalone basis, the operating EBITDA increased by 29% QoQ to ₹ 3,215 crore in Q4FY26 from ₹ 2,496 crore in Q3FY26. Profit after tax for Q4FY26 was ₹ 2,503 crore and profit after tax margin was 52% in Q4FY26.
For FY26, standalone total income was ₹ 17,138 crore, of which operating revenue was ₹ 14,914 crore. On a standalone basis, operating EBITDA stood at ₹ 9,515 crores and profit after tax for FY26 was ₹ 9,373 crore, with earnings per share of ₹ 37.87.
The Board of Directors of NSE in their meeting held on May 5, 2026, have recommended a final dividend of ₹ 35 per equity share of ₹ 1 each (3500%) for the year ended March 31, 2026, subject to approval of the shareholders at the ensuing Annual General Meeting. This includes a special one-time dividend of
₹ 10 per equity share.
During FY26, NSE’s contribution to the exchequer was ₹ 59,186 crore which comprised STT/CTT of
₹ 48,345 crore, income tax of ₹ 4,480 crore, stamp duty of ₹ 3,411 crore, GST of ₹ 1,942 crore and SEBI fees of ₹ 1,008 crore. Of the total STT/CTT of ₹ 48,345 crore, cash market (delivery based) segment constituted 47%, cash market (intraday) segment constituted 7%, and equity derivatives segment constituted 46%.
| (₹ crore) | ||||||||
| Consolidated Financial Performance | Q4 FY26 | Q3 FY26 | Q4 FY25 | Growth QoQ % | Growth YoY % | FY26 | FY25 | Growth YoY % |
| Total Income | 5,360 | 4,395 | 4,397 | 22% | 22% | 18,713 | 19,177 | -2% |
| Revenue from operations | 4,968 | 3,925 | 3,771 | 27% | 32% | 16,601 | 17,141 | -3% |
| Total Expenses | 1,486 | 1,234 | 1,124 | 20% | 32% | 6,127 | 6,040 | 1% |
| Operating EBITDA | 3,633 | 2,851 | 2,799 | 27% | 30% | 11,098 | 12,647 | -12% |
| Operating EBITDA Margin % | 73% | 73% | 74% | — | — | 67% | 74% | — |
| Share of profit of associates | 22 | 25 | 38 | -13% | -41% | 108 | 129 | -16% |
| Profit on sale of investment in associates | — | — | 55 | NA | NA | 1,201 | 1,209 | NA |
| Effect of discontinued operations (net of tax) | 7 | 0.3 | 183 | NA | -96% | 123 | 582 | -79% |
| PAT | 2,871 | 2,409 | 2,650 | 19% | 8% | 10,302 | 12,188 | -15% |
| Profit After Tax Margin % | 53% | 54% | 57% | — | — | 51% | 58% | — |
| Earnings Per Share (₹) | 11.60* | 9.73* | 10.71* | — | — | 41.62 | 49.24 | — |
| Book Value per share (₹) | — | — | — | — | — | 129.75 | 122.64 | — |
| Return on Equity | — | — | — | — | — | 33% | 45% | — |
| *EPS values are annualized/adjusted as indicated . | ||||||||
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