The National Stock Exchange of India (NSE) reports mixed consolidated results for the quarter ended June 30 (Q1 FY27), alongside progress toward its delayed public listing. NSE’s revenue from operations falls 8.2% sequentially to ₹4,560 crore from ₹4,968 crore in Q4 FY26. Despite the revenue decline, the exchange’s net profit increases 8.7% quarter-on-quarter to ₹3,120 crore. On a year-on-year basis, NSE’s profit after tax rises about 7% to ₹3,120 crore. NSE’s total income increases 9% year-on-year to ₹5,252 crore, supported by higher operating income and stronger transaction-related revenues.

Transaction charges remain NSE’s largest income source, rising to ₹3,623 crore (from ₹3,154 crore in the same quarter last year). The exchange also records income from data connectivity charges, operating investment income, and data feed and terminal services. Total expenses rise to ₹1,129 crore from ₹1,053 crore year-on-year, while EBITDA is reported at ₹3,551 crore with an EBITDA margin improving to 77.9% from 73.1%.

In parallel, NSE files its draft red herring prospectus (DRHP) with SEBI in June. The proposed IPO is reported as an offer for sale of 14.89 crore equity shares, with an estimated size around ₹30,000 crore and no proceeds received by the exchange.