National Stock Exchange of India (NSE) Q2FY26 Highlights
All figures in INR Crs unless otherwise stated
📊Total Income
Q2FY25- ₹5,023
Q1FY26 – ₹4,798
Q2FY26 – ₹4,160
H1FY25 – ₹9,973
H1FY26 – ₹8,958
📊Total Expenses
Q2FY25 – ₹1,729
Q1FY26 – ₹1,052
Q2FY26 – ₹2,353
H1FY25 – ₹2,672
H1FY26 – ₹3,406
📊Net Profit
Q2FY25 – ₹3,137
Q1FY26 – ₹2,923
Q2FY26 – ₹2,098
H1FY25 – ₹5,704
H1FY26 – ₹5,022
📊EPS
Q2FY25 – ₹12.68
Q1FY26 – ₹11.81
Q2FY26 – ₹8.48
H1FY25 – ₹23.05
H1FY26 – ₹20.29
📊Net Worth
FY25 – ₹30,353
Q2FY26 – ₹26,817
📑 KEY HIGHLIGHTS – Q2FY26
➡️Revenue from Operations decreased this quarter by ~₹355 Cr and decreased by ~₹473 Cr on a Y-o-Y basis.
The segment reporting of operating revenue for Q2FY26 was as follows:-
1) Trading Services: ₹3,296(3,638 in Q1FY26)
2) Clearing Services: ₹408(453 in Q1FY26)
3) Other Segments: ₹159(149 in Q1FY26)
The decrease in revenue this quarter was primarily due to decrease in Trading and Clearing services
➡️The Total standalone revenue has decreased by ₹342Cr on a Q-o-Q basis. And the total income this quarter decreased by ₹376 Cr
➡️The Standalone PAT stands at ₹1,857cr (2,408 in Q1FY26).
➡️The increase in Total Expenses (Consol) in Q2FY26 was of ₹1,301 Cr on a q-o-q basis. This increase was primarily due to increase in Other expenses
➡️During the half year ended September 30, 2025, NSE filed two separate settlement applications for a cumulative amount of Rs. 1,387.39 crores with SEBI under SEBI (Settlement Regulations) 2018 for settlement of:
a) Colocation WTM Order and Colocation AO Order: and
b) Dark Fibre WTM Order and Dark Fibre AO Order.
Revert is awaited
NSE has recognised a provision of Rs. 1,297.41 crores. including interest, during the quarter ended September 30, 2025. This is in addition to Rs. 100 Crores imposed by the Hon’ble SAT in the Colocation WTM Appeal which had been duly adjusted against the amount deposited by NSE with SEBI during the year ended March 31. 2023
➡️Operating EBITDA margins(Excluding provision for settlement fees) stood at 76% for Q2FY26 as compared to 78% in the previous quarter.
➡️The core SGF stood at ₹12,487 cr as on September 30, 2025. During this Quarter NSE has made no contributions to it.
➡️During the Quarter the company received ₹1,200 Cr as a exceptional item due to its 9% stake sale in NSDL during the Offer for sale.
➡️The Profit before tax during this quarter was ₹3,038 Cr. Without considering the exceptional item gain , the PBT stands at ₹1,837 Cr as compared to ₹3,749 Cr a year ago.
➡️ NSE had a market share of 75.6% in Equity Options in this quarter as compared to 78.6% a quarter ago. Cash market share stood at 92.3% as compared to 93.8% a quarter ago.
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