The National Stock Exchange (NSE) on Friday reported a 20% year-on-year rise in consolidated net profit at Rs 2,488 Crore for the three months ending March 2024.
NSE said in a statement that consolidated operating revenue in the January-March quarter of financial year 2023-24 stood at Rs 4,625 Crore, showing a growth of 34% year-on-year.
Apart from trading, the exchange said the total profit was also supported by other revenue lines as well as listing, index services, data services and co-location facility. The NSE board has optional a dividend of Rs 90 per share (pre-bonus) for the financial year ending 2023-24, which equates to a payout of Rs 4,455 Crore.
Also, the board has recommended issuing 4 bonus shares for every existing 1 share. This increase in the authorized share capital is subject to necessary approvals from shareholders and regulators.
On the trading volume front, average daily traded volume (ADTV) in cash markets was recorded at Rs 1,11,687 Crore (up 127% year-on-year), equity futures at Rs 1,79,840 Crore (up 60% year-on-year). More) reached ADTV. Option (premium value) ADTV for the quarter ending March 2024 stood at Rs 75,572 Crore (up 27% YoY).
On a standalone basis, NSE reported a standalone net profit of Rs 1,856 Crore for the fourth quarter ended March 31, 2024, compared to Rs 1,810 Crore in the year-ago period.
Its total operating income grew 25% to Rs 4,123 Crore in Q4FY24 from Rs 3,295 Crore in the same quarter last year.
During FY 2014, NSE contributed Rs 43,514 Crore to the exchequer, which included STT (securities transaction tax) of Rs 34,381 Crore, income tax (Rs 3,275 Crore), stamp duty (Rs 2,833 Crore), GST (Rs 1,868 Crore) and SEBI fees (Rs 1,157 Crore). Out the STT of Rs 34,381 Crore, 60% is from the cash market sector and the remaining 40% is from the equity derivatives sector.
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