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NSE Q3 Profit Plunges 37% to ₹2,408 Cr as IPO Plans Advance

The National Stock Exchange reported a sharp 37% year-on-year decline in its consolidated net profit for the third quarter. Despite the profit drop, the quarter saw robust fundraising activity with a record amount raised through IPOs. The exchange has received SEBI's crucial no-objection certificate to proceed with its own long-awaited initial public offering. Managing Director Ashishkumar Chauhan stated the draft prospectus preparation will take 3-4 months, marking a significant step after nearly a decade of delays.

Key Points: NSE Q3 Net Profit Drops 37%, IPO Process Begins

  • 37% YoY profit drop to ₹2,408 cr
  • Total income falls 9% to ₹4,395 cr
  • SEBI grants NOC for IPO after 10-year delay
  • Q3 saw record ₹96,457 cr raised via IPOs
2 min read

IPO-bound NSE's net profit drops 37 pc to Rs 2,408 crore in Q3

NSE reports a 37% fall in Q3 net profit to ₹2,408 crore while securing SEBI's nod for its long-awaited IPO after a decade.

"After 10 years, SEBI has agreed to start the IPO process. - Ashishkumar Chauhan"

New Delhi, Feb 6

IPO-bound National Stock Exchange on Friday reported a sharp 37 per cent year-on-year drop in its consolidated net profit at Rs 2,408 crore in the October-December period, compared to Rs 3,834 crore in Q3 FY25.

On the sequential basis, the net profit grew nearly 15 per cent from Rs 2,098 crore in the September quarter, according to the company's financial statement.

Total income also fell 9 per cent (on-year) to Rs 4,395 crore, from Rs 4,807 crore in Q3 FY25. The total revenue, however, was up 6 per cent on the quarterly basis.

According to the financials, operating EBITDA for the third quarter declined 16 per cent (on-year) to Rs 2,851 crore.

A total of Rs 5.4 lakh crore was raised via equity, debt and business trusts on the NSE platform in Q3 FY26. A total of 65 companies collectively raised Rs 96,457 crore through Mainboard and SME IPOs in Q3 - nearly double the amount raised in the previous quarter and the highest in the past four quarters.

In nine months of FY26, seven municipal corporations collectively raised nearly Rs 750 crore -the highest number of municipal bond issuances recorded in any financial year since the introduction of SEBI's Municipal Bond Regulations in 2015.

It was the first results by NSE which has received SEBI's no-objection certificate for an IPO.

Meanwhile, NSE Managing Director and Chief Executive Officer Ashishkumar Chauhan said it will take around three to four months to prepare the draft Red Herring Prospectus (DRHP), which is a key document required for launching the IPO.

Speaking to IANS on the sideline of an event, Chauhan thanked SEBI for clearing the way after nearly a decade of delay. "After 10 years, SEBI has agreed to start the IPO process. We thank SEBI for this," he stated.

He said that along with preparing the DRHP, NSE will also work in parallel on the offer for sale (OFS) part of the IPO. "It will take 3-4 months for the draft of Red Herring Prospectus to be made," Chauhan had told IANS.

The exchange currently has around 1.91 lakh existing shareholders, and those who are eligible and willing to sell their shares through OFS will be able to participate in the process.

- IANS

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Reader Comments

S
Shreya B
Look at the positive side! The amount raised via IPOs on the platform has doubled QoQ. That's huge! The NSE is the engine of India's capital markets. A slight dip in one quarter's profit doesn't change its fundamental strength. 🚀
A
Ashwin V
Finally! After 10 years of waiting, the IPO is moving. SEBI's NOC is the real news here. The profit numbers are a quarterly snapshot, but the IPO unlocks value for 1.9 lakh shareholders. That's a big moment for Indian markets.
P
Priyanka N
The municipal bond data is very encouraging. Shows our cities are becoming financially independent and tapping the markets. That's a silent reform succeeding. Kudos to NSE for facilitating this.
D
David E
As a long-term observer, the sequential growth (QoQ) of 15% in profit is more relevant than the YoY drop, which might be due to an exceptionally high base last year. The revenue is also up QoQ. The trend is turning positive just before the IPO.
K
Kavya N
Will definitely apply for this IPO. It's like owning a piece of the market itself. The OFS means existing investors, maybe even small ones, can get an exit. Hope the pricing is reasonable and not hyped up.

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