National Stock Exchange of India (544937) Q3 25/26 earnings summary

Executive summary

• Consolidated revenue from operations for the nine months ended December 31, 2025, was ₹13,369.27 crore, up from ₹11,633.72 crore year-over-year.

• Net profit for the nine months ended December 31, 2025, stood at ₹9,537.65 crore, compared to ₹7,315.87 crore for the same period last year.

• The group recognized a significant provision of ₹1,307.41 crore related to ongoing SEBI regulatory matters.

• A one-time pre-tax gain of ₹1,200.94 crore was realized from the sale of a 9% stake in NSDL.

Financial highlights

• Total income for the nine months ended December 31, 2025, was ₹14,780.08 crore, up from ₹13,353.60 crore year-over-year.

• Profit before tax from continuing operations for the nine months ended December 31, 2025, was ₹10,954.47 crore, compared to ₹8,925.46 crore year-over-year.

• Earnings per share (EPS) for the nine months ended December 31, 2025, was ₹38.54, up from ₹30.02 for the same period last year.

• Total comprehensive income for the nine months ended December 31, 2025, was ₹9,565.96 crore.

Outlook and guidance

• The group continues to monitor regulatory developments, especially regarding SEBI matters, and will adjust provisions as outcomes become clearer.

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