NSE Q2 Results: Revenue drops 18% year over year and net profit drops 33% to ₹2,098 crore on a one-time provision

NSE Q2 Results: According to the NSE, it recognized a provision of ₹1,297 crore, including interest, for the settlement petitions it had submitted to SEBI regarding Colocation and Dark Fibre issues during the September quarter.

The largest stock exchange in the nation, the National Stock Exchange of India, posted a consolidated net profit of ₹2,098 crore in the second quarter of FY26, a 33% decrease from ₹3,137 crore in the same period last year. A one-time provision for settlement applications submitted to the Securities and Exchange Board of India (SEBI) was the primary cause of the decline in NSE Q2 net profit.

According to NSE, it recognized a provision of ₹1,297 crore, including interest, for the settlement applications it had submitted to SEBI regarding Colocation and Dark Fibre issues during the September quarter. NSE's consolidated net profit for Q2FY26 was ₹3,395 crore, excluding the Sebi settlement fee provision.

Year over year (YoY), the company's operating revenue decreased by 18% to ₹3,677 crore from ₹4,510 crore in Q2FY26.

At the operating level, EBITDA margin decreased by 340 basis points (bps) to 40% from 74% YoY, and consolidated EBITDA fell 56% to ₹1,484 crore from ₹3,344 crore in the quarter that ended in September 2025.

After taking into account the issuing of bonus equity shares at a ratio of 4:1 in Q3FY25, reported earnings per share (on a non-annualized basis) for Q2FY26 were ₹8.48, compared to ₹11.81 for Q1FY26 and ₹12.6 for Q2FY25.

NSE contributed ₹28,308 crore to the exchequer during H1FY26, which included ₹23,451 crore for STT/CTT, ₹1,651 crore for stamp duty, ₹496 crore for SEBI fees, ₹1,809 crore for income tax, and ₹901 crore for GST.

Average Volume Traded Every Day

The average daily traded volume (ADTVs) of the cash market trading segment was ₹95,705 crore in Q2FY26, a 12% QoQ decrease. In Q2FY26, the ADTV for equities options (premium value) fell 16% QoQ to ₹46,442 crore, while the ADTV for equity futures segment fell 16% QoQ to ₹1,41,042 crore.