NSE profit sinks 33 percent on SEBI fee hit
The National Stock Exchange saw consolidated net profit drop 33 percent from a year earlier during the three months ending in September, landing at 2,098 crore rupees for the second quarter of fiscal 2026. A special charge of 1,297 crore rupees related to settlement fees with the Securities and Exchange Board of India for colocation and dark fiber issues drove the decline.
Stripping out this charge reveals profit after tax climbed 16 percent from the prior quarter to reach 3,395 crore rupees. The bourse submitted a settlement application with SEBI under the 2018 regulations and awaits feedback. Consolidated total income fell to 4,160 crore rupees from 5,023 crore rupees during the matching period one year prior. Transaction charge revenue slipped 12 percent from the previous quarter to 2,785 crore rupees as trading volumes weakened across cash and derivatives markets.
Total expenses surged to 2,354 crore rupees from 1,053 crore rupees in the first quarter because of the settlement provision. Earnings per share came in at 8.48 rupees versus 11.81 rupees the quarter before, after accounting for the 4:1 bonus issue made during the third quarter of fiscal 2025. Without the SEBI provision, earnings per share would have registered 13.72 rupees with a 63 percent net profit margin.
