The National Stock Exchange of India (NSE) reported a 7% year-on-year increase in consolidated profit after tax to ₹3,120 crore for the first quarter, driven by robust trading activity and expanding fee income.

Total income for the period rose 9% to ₹5,252 crore, with transaction fee revenue climbing to ₹3,623 crore, underscoring the exchange's resilience amid broader market volatility.

The financial results arrive alongside a significant regulatory milestone: the Securities and Exchange Board of India (SEBI) has granted in-principle approval for NSE's proposed settlement mechanism.

This clearance removes a key hurdle for the exchange's planned initial public offering, which is expected to raise approximately ₹30,000 crore.

The dual progress on profitability and regulatory compliance strengthens NSE's positioning ahead of the listing.

The earnings report highlights the continued strength of India's capital markets infrastructure.