NSE to Remove Adani Total Gas, SJVN & Six Others in F&O Segment From August 29: Check Full List of Stocks

The National Stock Exchange (NSE) on Monday announced that eight companies will be removed from the Futures & Options (F&O) segment starting August 29, 2025. This move is part of NSE's routine review process, which ensures that all derivative contracts comply with regulatory standards and market-wide position limits.

The F&O segment allows traders to buy or sell contracts based on the future price of a stock rather than the stock itself. Removing certain stocks from this segment typically means that they no longer meet the eligibility criteria, such as trading volume or market capitalization requirements.

Adani, Jindal and More Stocks Scheduled for Removal from NSE F&O Trading

The stocks that will no longer be eligible for F&O trading include Aditya Birla Fashion and Retail (ABFRL), Adani Total Gas, CESC, Granules India, IRB Infrastructure Developers, Jindal Stainless, Poonawalla Fincorp, and SJVN. While these stocks will still be available for trading in the regular equity (cash) market, traders will not be able to trade them through futures or options contracts after the effective date.

NSE Financial Performance FY2025

In terms of financial performance, the NSE posted strong results for the financial year ending March 31, 2025 (FY25), despite a noticeable decline in earnings during the last quarter of the year. Over the full year, the exchange recorded a 47% increase in consolidated net profit, reaching Rs 12,188 crore, compared to the previous financial year.

This growth indicates solid overall performance, driven by increased trading activity and other business operations. Consolidated total income for the year also rose 17% year-on-year to Rs 19,177 crore, while operating EBITDA which reflects the company's core operating profitability before accounting for taxes and other expenses grew by 28% to Rs 12,647 crore.

NSE Q4 Results 2025: NSE Net Profit, Revenue and EBITDA

However, the fourth quarter from January to March 2025 painted a different picture. The exchange's net profit for Q4FY25 dropped sharply by 31% on a quarter-on-quarter basis. Profit fell to Rs 2,650 crore from Rs 3,834 crore in the previous quarter (Q3FY25). This decline was primarily due to reduced trading volumes in both the cash and derivatives markets, which impacted NSE's revenue from transaction charges-its main source of income.

Specifically, transaction charge revenue fell by 15% sequentially to Rs 2,939 crore in the fourth quarter. As a result, the exchange's operating EBITDA also fell 18% during this period to Rs 2,799 crore, highlighting the impact of lower market activity. Additionally, earnings per share (EPS), which indicates the profit available to each shareholder, dropped from Rs 15.49 in Q3 to Rs 10.71 in Q4.

On a standalone basis, which looks only at the core operations of the NSE and not its subsidiaries, the company performed even better over the full financial year. Standalone net profit grew by an impressive 69% year-on-year to Rs 11,246 crore. This strong growth was supported by a 33% increase in standalone total income, which reached Rs 19,823 crore for FY25.

The exchange's standalone operating EBITDA also rose 33%, totaling Rs 10,243 crore. These figures suggest that the core business remained resilient throughout the year, even though the last quarter experienced a dip in revenue and profitability.