NSE, India’s leading exchange, reported consolidated revenue from operations at Rs.3,652 crores for Q2 FY 24, up by 24% on a year-on-year basis. Apart from trading revenue, the revenue from operations was also supported by other revenue lines which includes clearing services, listing services, index services, data services and colocation services.
NSE posted net profit of Rs.1,999 crores on a consolidated basis for Q2 FY24, up by 13% on a year-on-year basis. The net profit margins for Q2 FY24 stood at 50%.
On a consolidated basis, earnings per share increased to Rs.40.38 in Q2 FY 24 from Rs.35.83 in Q2 FY 23.
On the trading volumes front, cash markets recorded an average daily traded volumes (ADTVs) of Rs.77,757 crores (up 40% YoY) while the equity futures reached an ADTV of Rs.1,23,019 crores (up 4% YoY) and equity options (premium value) ADTVs stood at Rs.60,621 crores (up 33% YoY).
NSE on a standalone basis reported total operating income of Rs.3,386 crores, showing a growth of 22% on a year-on-year basis which was Rs.2,770 crores for the corresponding quarter last year.
NSE on a standalone basis incurred total expenses of Rs.1,623 crores, which grew by 135% on a year-on-year basis. Almost 50% of these expenses amounting to Rs.804 crores, are towards SEBI Turnover Fees, Contribution to IPFT and Contribution to Core SGF.
At the operating EBITDA level, NSE on a standalone basis posted an EBITDA margin of 54% for Q2 FY24 compared to 78% in the corresponding quarter last year.
NSE reported standalone net profit of Rs.1,562 crores for Q2 FY24, showing an increase of 2% on a year-on-year basis which was Rs.1,535 crores for the corresponding quarter last year. Net standalone profit margin stood at 42%.
During the first half of FY 24, Contributed Rs.18,744 crores to the exchequer which comprised of STT Rs.14,858 crores, Stamp duty Rs.1,156 crores, GST Rs.975 crores, Income tax Rs.1,252 crores and SEBI Rs.503 crores.