National Stock Exchange of India (NSE) Q3FY26 Highlights
All figures in INR Crs unless otherwise stated
NSE Trades at a CMP of ₹2,015/- per share at a TTM P/E multiple of 49.46x based on the TTM EPS of ₹40.73
📊Total Income
Q3FY25- ₹4,806
Q2FY26 – ₹4,160
Q3FY26 – ₹4,394
9MFY25 – ₹14,780
9MFY26 – ₹13,353
📊Total Expenses
Q3FY25 – ₹1,015
Q2FY26 – ₹2,353
Q3FY26 – ₹1,107
9MFY25 – ₹3,687
9MFY26 – ₹4,513
📊Net Profit
Q3FY25 – ₹3,833
Q2FY26 – ₹2,098
Q3FY26 – ₹2,408
9MFY25 – ₹9,537
9MFY26 – ₹7,431
📊EPS
Q3FY25 – ₹15.49
Q2FY26 – ₹8.48
Q3FY26 – ₹9.73
9MFY25 – ₹38.54
9MFY26 -₹30.02
📊Net Worth
FY25 – ₹30,353
Q3FY26 – ₹29,224
📑 KEY HIGHLIGHTS – Q3FY26
➡️Revenue from Operations increased this quarter by ~₹248 Cr and decreased by ~₹425 Cr on a Y-o-Y basis.
The segment reporting of operating revenue for Q3FY26 was as follows:-
1) Trading Services: ₹3,553 (₹3,296 in Q2FY26)
2) Clearing Services: ₹410 (₹408 in Q2FY26)
3) Other Segments: ₹165 (₹159 in Q2FY26)
The increase in revenue this quarter was primarily due to increase in Trading services
➡️The Operational standalone revenue has increased by ₹256 Cr on a Q-o-Q basis. And the total standalone income this quarter increased by ₹752 Cr
➡️The Standalone PAT stands at ₹2,602 cr (₹1,857 cr in Q2FY26).
➡️NSE recognized an exceptional item of ₹126 crore during the period, arising from a one-time incremental gratuity provision due to the reassessment of employee benefit obligations following the notification of the New Labour Codes.
➡️Operating EBITDA margins stood at 76% for Q3FY26 same as last quarter.
➡️The core SGF stood at ₹12,786 cr as on December 31, 2025.
➡️ NSE has a market share of 73% in Equity Options in this quarter as compared to 76% a quarter ago. Cash market share stood at 93% as compared to 92% a quarter ago.
➡️ In Q3FY26 NSE average daily volumes in Equity options Grew by 15% QoQ , Equity futures grew by 8% QoQ, Cash market grew by 3% QoQ and currency derivatives grew by 51% QoQ
