MUMBAI:
NSE, India’s leading exchange, reported consolidated income from operations at Rs 2,987 crores for Q1 FY 24, up by 13% on a year-on-year basis. Apart from trading revenue, the revenue from operations was also supported by other revenue lines which includes listing, index services, data services and colocation services.
NSE posted net profit of Rs 1,844 crores on a consolidated basis for Q1 FY24, up by 9% on a year-on-year basis. The net profit margins for Q1 FY24 stood at 55%.
On a consolidated basis, earnings per share increased to Rs 37.26 in Q1 FY 24 from Rs 34.13 in Q1 FY 23.
On the trading volumes front, cash markets recorded an average daily traded volumes (ADTVs) of Rs 58,593 crores (up 4% YoY) while the equity futures reached an ADTV of Rs 1,04,056 crores (down 13% YoY) and equity options (premium value) ADTVs stood at 54,210 crores (up 33% YoY).
NSE on a standalone basis reported total operating income of Rs 2,833 crores, showing a growth of 14% on a year-on-year basis which was Rs 2,488 crores for the corresponding quarter last year.
NSE on a standalone basis incurred total expenses of Rs 970 crores, which grew by 51% on a year-on-year basis. 30% of this total expenses amounting to Rs.288 crores, are towards SEBI Turnover Fees, SEBI Settlement fees, Contribution to IPFT and Contribution to Core SGF.
At the operating EBITDA level, NSE on a standalone basis posted an EBITDA margin of 69% for Q1 FY24 compared to 77% in the corresponding quarter last year.
NSE reported standalone net profit of Rs 1,598 crores for Q1 FY24, showing growth of 7% on a year-on-year basis which was Rs 1,487 crores for the corresponding quarter last year. Net standalone profit margin stood at 51%.
NSE had informed during the last Investor Call held on May 16, 2023 regarding augmentation of the Core Settlement Guarantee corpus from current level of around Rs 5,000 crores to Rs.10,000 crores over next few years in a phased manner, the Board of Directors, while approving the unaudited financial results of the Company for the quarter ended June 30, 2023, decided to infuse funds in NSE Clearing Limited [NCL] (a wholly owned subsidiary) amounting to Rs. 1400 crores kept aside for the same, which is towards contribution to be made by NCL to the corpus of Core Settlement Guarantee fund.
During the first quarter of FY 24, NSE Contributed Rs 7,889 crores to the exchequer of which STT comprised of Rs 6,411 crores, Stamp duty Rs 503 crores, GST Rs 475 crores, Income tax Rs 225 crores and SEBI Rs 275 crores.
