The nation’s largest bourse and the world’s most energetic derivatives change stated on Tuesday it has filed two separate settlement functions totalling Rs 13.87 billion for pending instances with the market regulator. The change additionally recognised its first-ever provision for this function in its second-quarter earnings, signalling an imminent decision to regulatory overhangs which have stalled its public itemizing since 2016.
“NSE has recognised a provision of Rs 1,297 crore in Q2 FY26, together with curiosity, in the direction of the settlement functions that NSE had filed with SEBI beneath SEBI (Settlement Rules) 2018 with respect to Colocation and Darkish Fibre issues,” the change stated, including {that a} response from the regulator is awaited.
The transfer follows years of litigation with Sebi stemming from a 2019 penalty of Rs 1,100 crore for allegedly failing to supply equitable entry to buying and selling members. The settlement, as soon as permitted, might pave the best way for the change’s long-awaited preliminary public providing.
Declining income weigh on Q2 outcomes
For the quarter ended September, NSE reported a consolidated revenue after tax of Rs 2,098 crore, down 33% year-on-year from Rs 3,137 crore, damage by decrease buying and selling volumes and the one-time provision. Excluding the settlement cost, adjusted revenue stood at Rs 3,396 crore, a 16% rise quarter-on-quarter.
Consolidated whole revenue fell 17% year-on-year to Rs 4,160 crore from Rs 5,023 crore in the identical interval a 12 months earlier. On a half-yearly foundation, NSE reported a PAT of Rs 5,022 crore, whereas adjusted PAT excluding the Sebi provision got here in at Rs 6,320 crore, in contrast with Rs 5,704 crore within the first half of FY25.
NSE’s income from transaction expenses fell 12% sequentially in Q2 FY26, reflecting a slowdown in buying and selling exercise. The change stated common day by day buying and selling quantity for fairness choices when it comes to premium dropped 16% quarter-on-quarter to Rs 464.42 billion, amid regulatory measures geared toward cooling India’s derivatives frenzy.
IPO timeline hinges on Sebi nod
Ashishkumar Chauhan, managing director and chief govt officer of NSE, lately instructed ET Now that the change might listing its shares on Dalal Road within the subsequent Samvat 2082 as soon as it receives Sebi’s no-objection certificates.
Additionally learn | NSE Q2 Outcomes: Cons PAT falls 33% YoY to Rs 2,098 crore, income declines 18%
“Now we have nice hopes that within the new Samvat we must always be capable of listing. We’re nonetheless ready for the NOC from SEBI. As soon as SEBI provides NOC, 8–10 months is the plan now we have… As NOC comes quickly, we will be capable of listing quickly,” Chauhan instructed ET Now in the course of the Muhurat Buying and selling session on October 21.
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