National Stock Exchange of India (544937) Q2 25/26 earnings summary

Executive summary

• Consolidated total income for H1 FY25/26 was ₹8,958.76 crore, up from ₹7,709.04 crore year-over-year, with net profit from continuing operations at ₹5,022.32 crore for H1 FY25/26 compared to ₹4,907.43 crore in H1 FY24/25.

• A one-time pre-tax gain of ₹1,200.94 crore was recognized from the sale of a 9% stake in NSDL, classified as an exceptional item.

• Discontinued operations (education and KRA businesses) contributed a net profit of ₹113.99 crore in H1 FY25/26.

Financial highlights

• Revenue from operations for H1 FY25/26 was ₹7,709.04 crore, up from ₹7,301.23 crore year-over-year.

• EBITDA margin remained robust, with profit before tax from continuing operations at ₹6,813.99 crore for H1 FY25/26.

• Earnings per share (EPS) for H1 FY25/26 was ₹20.29 (basic and diluted), restated for the bonus issue.

• Final dividend of ₹8,662.50 crore paid in Q2 FY25/26.

Outlook and guidance

• Voluntary contributions to the Core Settlement Guarantee Fund (Core SGF) were discontinued from January 1, 2025, as the desired corpus was achieved.

• The group continues to monitor regulatory developments and legal proceedings, with significant provisions recognized for ongoing SEBI matters.