KD NEWS SERVICE
MUMBAI, July 30: The National Stock Exchange of India Limited (NSE) has begun the financial year 2026-27 on a strong note, reporting a 9 per cent year-on-year increase in consolidated total income to ₹5,252 crore during the first quarter, reflecting continued strength in India’s capital market ecosystem and the growing scale of market participation.
According to the financial results released on Thursday, NSE’s consolidated total income stood at ₹5,252 crore in Q1FY27, compared with ₹4,798 crore in the corresponding quarter of the previous financial year. The exchange also recorded a healthy 7 per cent year-on-year rise in consolidated profit after tax, which increased to ₹3,120 crore from ₹2,924 crore in Q1FY26.
The results underline the exchange’s robust financial performance while also highlighting the expanding contribution of India’s capital markets to the broader economy.
NSE’s operating performance remained particularly strong during the quarter. Consolidated operating EBITDA stood at ₹3,594 crore, with the EBITDA margin improving to 79 per cent, up 119 basis points year-on-year. The improvement indicates the exchange’s ability to sustain high operating efficiency while continuing to expand its business activities.
Revenue from transaction charges, which remains a key component of NSE’s earnings, rose to ₹3,623 crore in Q1FY27 from ₹3,154 crore in the corresponding period last year. Revenue from data connectivity charges stood at ₹258 crore, while operating investment income contributed ₹234 crore. Revenue from data feed and terminal services amounted to ₹150 crore during the quarter.
The performance comes against the backdrop of India’s rapidly developing financial markets, with increasing participation from investors, institutions and other market participants. NSE’s results indicate that the country’s market infrastructure continues to demonstrate resilience and capacity for growth.
A particularly significant aspect of the quarter’s performance was NSE’s contribution to the exchequer. The exchange contributed ₹20,579 crore through collections and payments during Q1FY27, underscoring the wider economic significance of market activity and the substantial revenues generated for the public exchequer.
The contribution included ₹18,313 crore in Securities Transaction Tax and Commodities Transaction Tax (STT/CTT), ₹980 crore in stamp duty, ₹657 crore in Goods and Services Tax (GST), ₹373 crore in income tax and ₹256 crore in SEBI fees.
Of the ₹18,313 crore collected through STT/CTT, the cash market delivery-based segment accounted for 37 per cent, while the cash market intraday segment contributed 6 per cent. Equity derivatives accounted for the remaining 57 per cent.
The figures offer an indication of the scale at which India’s financial markets are now operating and the important role that organised exchanges play in facilitating economic activity while generating significant revenues for the government.
NSE’s earnings per share on a non-annualised basis also improved during the quarter, rising to ₹12.61 from ₹11.81 in Q1FY26.
The latest results also reinforce NSE’s position as one of India’s most important financial-market institutions. Established in 1994, NSE was the first exchange among those still operational in India to introduce electronic or screen-based trading. Over the years, it has developed an integrated business model encompassing exchange listings, trading, clearing and settlement services, indices and market data services.
Technology remains central to NSE’s operations. The exchange has positioned itself as a technology-driven market infrastructure institution, with continued emphasis on innovation, system reliability and performance. Its technological capabilities have also helped support the growing scale and speed of transactions across asset classes.
According to the information released by NSE, it was the world’s largest derivatives exchange by trading volume in terms of contracts during calendar year 2025, based on statistics maintained by the Futures Industry Association (FIA). It was also ranked third globally in the equity segment by number of trades through electronic order books in 2025, according to statistics maintained by the World Federation of Exchanges.
The strong Q1 results therefore carry significance beyond NSE’s balance sheet. They reflect the expanding depth, technological maturity and institutional strength of India’s capital-market infrastructure at a time when financial markets are playing an increasingly important role in mobilising savings, facilitating investment and supporting economic growth.
The exchange’s diversified operations also provide a broader foundation for future growth. Besides its core trading operations, NSE has businesses and subsidiaries engaged in clearing, investments, international financial services, market data and analytics, indices, education, sustainability ratings and other areas connected with the financial ecosystem.
The audited consolidated financial results were reviewed by Price Waterhouse & Co Chartered Accountants LLP, which stated that the consolidated results give a true and fair view, in conformity with applicable accounting standards and generally accepted accounting principles in India, of the consolidated financial position and performance for the quarter ended June 30, 2026.
The results come at an important juncture for NSE as it continues to strengthen its position within India’s financial architecture. The exchange has also proposed, subject to requisite approvals, market conditions and other considerations, an initial public offering of its equity shares and has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India.
Overall, NSE’s Q1FY27 performance presents a positive picture of sustained growth, strong profitability, high operating efficiency and a significant contribution to the public exchequer. The rise in income and profit, coupled with the exchange’s expanding technological and market infrastructure, points to the continuing evolution of India’s capital markets and their growing role in the country’s economic development.
The results also reinforce the broader confidence in India’s financial-market ecosystem, where modern technology, expanding participation and strong institutional frameworks are increasingly coming together to create a more efficient and globally competitive marketplace.
