NSE Q3 Profit Jumps 15% to ₹2,408 Cr on Strong Trading Volumes

The National Stock Exchange of India reported a strong 15% quarter-on-quarter increase in consolidated net profit for Q3FY26, reaching ₹2,408 crore. This performance was supported by a 6% rise in total income to ₹4,395 crore, driven by a 9% growth in transaction charge revenue. Operating EBITDA saw a dramatic 92% sequential surge to ₹2,851 crore, while average daily traded volumes increased across cash, futures, and options segments. For the nine-month period, the exchange contributed over ₹41,800 crore to the exchequer through various taxes and fees.

Key Points: NSE Q3FY26 Net Profit Rises 15% to ₹2,408 Crore

  • 15% QoQ profit rise to ₹2,408 cr
  • 6% sequential income growth to ₹4,395 cr
  • Operating EBITDA surges 92% QoQ
  • Transaction charge revenue up 9% on higher volumes
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NSE Q3FY26 PAT rises 15% QoQ to Rs 2,408 crore; income up 6% sequentially

NSE reports 15% QoQ rise in Q3FY26 net profit to ₹2,408 crore, with income up 6%. Operating EBITDA surges 92% on higher trading volumes.

"aided by higher trading volumes across segments - NSE Statement"

Mumbai, February 6

National Stock Exchange of India on Friday reported a 15 per cent quarter-on-quarter rise in consolidated net profit to Rs 2,408 crore for the third quarter ended December 2025, aided by higher trading volumes across segments.

Consolidated total income rose 6 per cent sequentially to Rs 4,395 crore in Q3FY26, compared with Rs 4,160 crore in the previous quarter, as per the statement released by the NSE.

Revenue from transaction charges increased 9 per cent QoQ to Rs 3,033 crore, driven by higher volumes in the equity cash market and derivatives segments. Revenue from data feed and terminal services grew 5 per cent sequentially to Rs 121 crore, while listing services revenue rose 25 per cent to Rs 111 crore.

Total consolidated expenditure declined 48 per cent QoQ to Rs 1,234 crore. During the quarter, NSE recognised a one-time expense of Rs 126 crore towards gratuity provision following the implementation of new labour codes, the statement further said.

Operating EBITDA surged 92 per cent QoQ to ₹2,851 crore. Excluding one-offs, normalised consolidated profit before tax rose 6 per cent sequentially to Rs 3,325 crore.

For the nine months ended December 2025 (9MFY26), consolidated total income stood at Rs 13,354 crore compared with Rs 14,780 crore in the corresponding period last fiscal. Reported consolidated profit after tax for 9MFY26 was Rs 7,431 crore, with earnings per share at Rs 30.02 (non-annualised).

On a standalone basis, total income in Q3FY26 rose to Rs 4,419 crore from ₹3,666 crore in Q2FY26, largely due to dividends received from subsidiaries and higher transaction revenue. Standalone profit after tax increased 40 per cent QoQ to Rs 2,603 crore, with PAT margin at 59 per cent.

Average daily traded volumes (ADTVs) in the cash market segment during Q3FY26 rose 3 per cent QoQ to Rs 99,023 crore. ADTV in equity futures grew 8 per cent to rs 1,51,744 crore, while equity options (premium value) climbed 15 per cent to Rs 53,248 crore.

During 9MFY26, NSE's total contribution to the exchequer stood at Rs 41,842 crore, including securities transaction tax/commodity transaction tax (Rs 34,835 crore), stamp duty (Rs 2,472 crore), income tax (Rs 2,414 crore), GST (Rs 1,376 crore) and SEBI fees (Rs 745 crore).

- ANI

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Reader Comments

P
Priya S
While the profit growth is good, I'm more impressed by the ₹41,842 crore contribution to the exchequer in just 9 months! That's massive for nation-building. Our taxes and transaction charges are directly funding infrastructure and development. Makes me feel like a small part of something bigger.
R
Rohit P
The numbers look great on paper, but I hope some of this massive profitability translates into lower transaction costs for retail investors like us. The STT, brokerage, GST... it all adds up. A small reduction in charges would encourage even more people to invest for the long term.
S
Sarah B
Interesting to see the 48% decline in total expenditure. That's a huge operational efficiency gain. The one-time gratuity provision shows they are adapting to the new labour codes responsibly. Strong, well-managed institutions like NSE build trust in the entire financial system.
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Vikram M
Bhai, cash market ADTV nearly ₹1 lakh crore! And equity futures at ₹1.5 lakh crore daily... These are mind-boggling numbers. It shows the depth and maturity of our markets. Remember 10-15 years ago? We've come a long way. Jai ho!
K
Karthik V
A respectful critique: The sequential income growth is only 6% against a 15% profit rise, largely due to cost cutting. Sustainable growth should come from top-line innovation. I'd like to see more focus on new products for retail investors and better financial literacy initiatives from such a profitable exchange.

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