Fresh from regulatory clearance, NSE dropped its Q3 FY26 numbers, showing a 37% YoY profit plunge to Rs 2,408 crore (Oct-Dec), from Rs 3,834 crore prior year. QoQ, profits perked up 15% against Q2’s Rs 2,098 crore.
Revenues mirrored the pattern: down 9% YoY at Rs 4,395 crore, up 6% sequentially. Operating EBITDA contracted 16% to Rs 2,851 crore, impacted by volume fluctuations and costs.
NSE’s platforms buzzed with activity. Companies garnered Rs 5.4 lakh crore in Q3 via various instruments. Standout: 65 IPOs (mainboard + SME) amassed Rs 96,457 crore – quarterly double, four-quarter peak.
Record municipal bond raise of Rs 750 crore by seven bodies in 9MFY26 highlights NSE’s infrastructure financing clout since SEBI’s 2015 rules.
SEBI’s NOC paves NSE’s IPO way after 10 years. CEO Ashishkumar Chauhan pegged DRHP drafting at 3-4 months, with OFS in tandem. ‘SEBI’s decision unlocks our potential – thanks to the team,’ he shared.
While profits dipped, NSE’s equity dominance (93% share), F&O leadership, and new ventures like GIFT City arm spell resilience. The upcoming IPO, potentially India’s largest, eyes unicorn valuation amid buoyant markets. Investors eye it as a buy on dips opportunity.