| Q2 FY27E | Q1FY27 | Q2FY26 | QoQ | YoY | |
| Revenue | 1440 | 1566 | 1068 | -8.0% | 34.83% |
| EBITDA | 958 | 1046 | 680 | -8.4% | 40.88% |
| Margin | 66.5% | 66.8% | 63.7% | -30bps | 280bps |
| PAT | 756 | 973 | 557 | -22.3% | 35.73% |
Apart from the numbers, CAS implementation impacted F&O activity during Q2, reflecting a sequential decline in transaction fees. Cash ADTO (Average Daily Turnover) improved with additional support from NSE listing, providing further growth in cash volumes. Volumes rose after forming a new base in August 2026. Market recovery to boost volumes further.