NSE Q2 results: Net profit rises by 57% to Rs 3,137 crore

The National Stock Exchange (NSE) reported a 57% year-on-year increase in consolidated net profit, reaching Rs 3,137 crore for the September quarter. The exchange generated a total income of Rs 5,023 crore during the July-September period of the current financial year (FY25), which marks a 25% increase compared to the same period last year.

In addition to trading revenue, the growth in revenue from operations was also bolstered by other services, including clearing services, data center and connectivity charges, listing services, index services, and data services, as stated by the exchange.

The earnings per share (non-annualised) increased to Rs 12.68 in the second quarter of the ongoing fiscal year from Rs 8.08 a year ago, after considering the issuance of bonus equity shares in the ratio of 4:1. For the half-year ended September 30, 2024, the NSE reported a total income of Rs 9,974 crore with net profit of Rs 5,704 crore.

The exchange contributed Rs 30,130 crore to the exchequer in the first half of FY25, comprising STT (securities transaction tax)/CTT (commodities transaction tax) of Rs 24,755 crore, stamp duty of Rs 2,099 crore, Sebi fees of Rs 1,333 crore, income tax of Rs 1,119 crore, and goods and services tax (GST) of Rs 824 crore.

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Of the STT/CTT of Rs 24,755 crore, 64 percent is from the cash market segment and 36 percent is from the equity derivatives segment. On a standalone basis, the bourses reported a net profit of Rs 2,954 crore for the quarter under review as compared to Rs 1,804 crore a year earlier.

The total income stood at Rs 5,297 crore in Q2 FY25, marking a growth of 35 percent.

The exchange incurred total expenses of Rs 1,546 crore for Q2 FY25. The majority of these expenses are towards Sebi's regulatory fees; Sebi's settlement fees in the matter of trading access point architecture and network connectivity of the NSE; and contribution to Investor Protection Fund Trust.

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