National Stock Exchange (NSE), the country’s leading stock exchange, has clocked a consolidated net profit of ₹3,137 crores in the July-September quarter of the current fiscal. The profit grew 57% on a year-on-year basis from ₹1,999 crore in the corresponding period of the previous fiscal, as per the regulatory filing. The net profit margin for the second quarter ended September 30, 2024, stood at 62%.
The domestic bourse posted consolidated total income of ₹5,023 crores for Q2 FY25, registering a growth 25% on a year-on-year basis, aided by rise in trading revenue. Apart from trading revenue, the revenue from operations was also supported by other revenue lines, including clearing services, data centre & connectivity charges, listing services, index services and data services.
The earnings per share (non-annualised) increased to ₹12.68 in Q2 FY25 from ₹8.08 in Q2 FY24, after considering the issuance of bonus equity shares in the ratio of 4:1.
Sequentially, the profit was up 22.2% from ₹2,566.72 crore in the quarter ended June 2024, while the revenue grew 11.4% from ₹4,509.70 crore in Q1 FY25.
On a standalone basis, NSE reported total income of ₹5,297 crore in Q2 FY25, up 35% YoY. Operating revenue, on a standalone basis, increased by 19% YoY to ₹4,042 crores during the quarter under review. The exchange reported standalone net profit of ₹2,954 crores for Q2 FY25, which increased from ₹1,804 crores in the same quarter last year. The net standalone profit margin stood at 56%, while the operating EBITDA margin was at 64% for Q2 FY25 compared to 54% in the corresponding quarter last year.
NSE, on a standalone basis, incurred total expenses of ₹1,546 crores for Q2 FY25. Majority of these expenses are towards SEBI regulatory fees, SEBI settlement fees (in the matter of Trading Access Point Architecture and Network Connectivity of NSE) and contribution to Investor Protection Fund Trust.
For the half-year ended September 30, 2024, consolidated total income stood at ₹9,974 crore against net profit of ₹5,704 crore. Earnings per share (non-annualised) in H1 FY25 increased to ₹23.05 from ₹15.52 in H1 FY24, after considering the issuance of bonus equity shares in the ratio of 4:1.
On the trading volumes front, cash markets recorded an average daily traded volumes (ADTVs) of ₹1,29,194 crore (up by 66% YoY), while the equity futures reached an ADTV of ₹2,01,547 crore (up by 64% YoY) and equity options (premium value) ADTVs stood at ₹65,648 crore (up by 8% YoY) for Q2 FY25.
In H1 FY25, standalone total income stood at ₹9,675 crores of which operating revenue was ₹8,093 crores. Operating EBITDA was ₹4,992 crores and net profit was ₹4,914 crores during the same period.
NSE contributed ₹30,130 crore to the government exchequer in H1 FY25, which comprised STT (Securities Transaction Tax) and CTT (Commodities Transaction Tax) of ₹24,755 crore; stamp duty of ₹ 2,099 crore; SEBI fees of ₹1,333 crore; income tax of ₹1,119 crore; and GST of ₹824 crore. The company made a contribution of ₹14,003 crore in Q1 FY25 and ₹16,127 crore in Q2 FY25.
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