National Stock Exchange Reports Q2 Profit of Rs 2,577 Crore

Consolidated Net Profit: Rs 2,577.62 crore; Revenue from Operations: Rs 4,066.80 crore.

Reader Takeaway: Strong core profitability provides growth, while the 40% coal exchange stake sale signals strategic portfolio restructuring.

What just happened

The National Stock Exchange of India (NSE) released its financial results for the quarter ending September 30, 2026. The exchange posted a consolidated net profit of Rs 2,577.62 crore, marking a significant increase from the Rs 2,098.47 crore reported in the same period last year. Revenue for the quarter rose to Rs 4,066.80 crore, up from Rs 3,676.80 crore in the prior year.

Why this matters

Beyond the headline growth in core exchange operations, the Board of Directors has initiated a strategic shift by approving the divestment of up to 40% of its stake in the National Coal Exchange of India Limited. This subsidiary, currently wholly-owned, will see its ownership diluted through secondary equity sales, a move likely aimed at streamlining operations or unlocking value in non-core units.

Risks to watch

Investors should monitor the timeline and valuation of the National Coal Exchange divestment. While the current financial performance is robust, the execution of secondary sales in volatile market environments can sometimes lead to valuation pressures or delays in realization.

Context metrics

For the September 2026 quarter, consolidated revenue reached Rs 4,066.80 crore against Rs 3,676.80 crore in September 2025. Profit after tax grew to Rs 2,577.62 crore from Rs 2,098.47 crore in the corresponding period of the previous year.

What to track next

The exchange will provide further details on the National Coal Exchange transaction as tranches of the stake sale are finalized and executed in the coming quarters.