Earnings – NSE Reports Higher First-Quarter Income and Profit on Strong Trading Activity
Earnings – National Stock Exchange of India (NSE) posted a stronger financial performance for the first quarter of FY27, supported by higher transaction-related income and steady operational efficiency. The exchange also continued to make a significant contribution to government revenues through taxes, duties, and regulatory payments.
The National Stock Exchange of India Limited (NSE) announced a solid financial performance for the April-June quarter of FY27, reporting an increase in both total income and net profit compared with the same period last year. According to the exchange, consolidated total income climbed 9 percent year-on-year to Rs 5,252 crore, while consolidated profit after tax reached Rs 3,120 crore, reflecting a 7 percent annual increase.
Revenue Growth Driven by Trading Activity
The exchange said that higher transaction volumes played a major role in boosting quarterly earnings. Revenue generated from transaction charges rose to Rs 3,623 crore during the quarter, compared with Rs 3,154 crore in the corresponding period of FY26.
Apart from trading-related income, NSE also earned Rs 258 crore from data connectivity services. Operating investment income stood at Rs 234 crore, while revenue from data feed and terminal services contributed Rs 150 crore during the quarter. These income streams continued to support the exchange’s diversified revenue base.
Expenses Rise Alongside Business Expansion
Consolidated expenditure also recorded an increase during the quarter. Total expenses stood at Rs 1,129 crore, compared with Rs 1,053 crore in the same quarter of the previous financial year. Despite the higher spending, the exchange maintained healthy profitability through improved operating performance.
NSE reported a consolidated operating EBITDA of Rs 3,594 crore for the first quarter of FY27. The operating EBITDA margin improved to 79 percent, registering an increase of 119 basis points from the year-ago period, indicating efficient cost management even as business activity expanded.
Profitability and Shareholder Returns Improve
The exchange’s consolidated profit after tax rose from Rs 2,924 crore in Q1 FY26 to Rs 3,120 crore in the latest quarter. The increase reflects continued business momentum supported by stronger transaction-related revenues.
Meanwhile, earnings per share (EPS) on a non-annualised basis improved to Rs 12.61 during the quarter, up from Rs 11.81 recorded in the corresponding quarter of the previous financial year, highlighting better returns for shareholders.
Significant Contribution to Government Revenue
Along with reporting improved financial results, NSE highlighted its contribution to the public exchequer during the quarter. The exchange said its total contribution, including collections and statutory payments, reached Rs 20,579 crore in the first quarter of FY27.
The largest portion came from Securities Transaction Tax and Commodities Transaction Tax (STT/CTT), which together accounted for Rs 18,313 crore. In addition, stamp duty collections stood at Rs 980 crore, Goods and Services Tax (GST) payments were Rs 657 crore, income tax contributions amounted to Rs 373 crore, and regulatory fees paid to the Securities and Exchange Board of India (SEBI) totalled Rs 256 crore.
Equity Derivatives Account for Majority of Tax Collections
Breaking down the STT and CTT collections, the exchange said the equity derivatives segment contributed 57 percent of the total amount collected during the quarter. Delivery-based cash market transactions accounted for 37 percent, while intraday cash market trading represented the remaining 6 percent.
According to NSE, the overall quarterly performance reflected continued growth in transaction charge revenue and sustained operational strength. The exchange maintained a robust operating margin while continuing to generate substantial tax and regulatory contributions, reinforcing its role in India’s financial market infrastructure.