NSE Q1 profit rises 39% to ₹2,566.72 cr, revenue up 51%

India’s largest stock exchange NSE registered consolidated net profits of Rs 2,566.72 crore in the quarter ended June 2024, up by 39% from ₹1,843.96 crore in year-ago quarter. The revenue from operations shot up 51% year-on-year to Rs 4,509.70 crore from ₹2,987.11 crore.

The revenue was bolstered by trading revenue along with various other income streams. These included data centre and connectivity charges, clearing services, listing services, index services, and data services, all contributing significantly to the overall revenue.

The exchange allocated an additional Rs 587 crore to boost the Core Settlement Guarantee Fund (SGF) corpus, as recommended by SEBI, aiming to raise it to Rs 10,500 crore. Post-contribution, the core SGF corpus stood at Rs 9,726 crore. At the operating EBITDA level, NSE posted a standalone EBITDA margin of 59% for Q1 FY25, down from 69% in the corresponding quarter last year.

Equity futures surged ahead of the cash market segment in trading volume, with average daily traded volumes skyrocketing 101% year-on-year to ₹2,09,279 crores, as per the latest NSE Q1 results. Meanwhile, the cash market experienced even higher growth, climbing 110% to ₹1,22,872 crores. Additionally, equity options (premium value) saw a 33% increase in average daily trading volumes, reaching ₹71,957 crores for the first quarter of this year.

The contribution of Rs 14,003 crore made to the exchequer for this fiscal quarter by the stock exchange, included Rs 12,054 crore for Securities Transaction Tax (STT) / Commodity Transaction Tax (CTT), Rs 236 crore for income tax, Rs 362 crore for GST. Of the STT, 63% was from the cash market segment and 37% from the equity derivatives segment. Additionally, the exchange earned Rs 3,623 crore in transaction charges, marking a 44% increase year-on-year.