NSE Q3 net profit rises 8 per cent to Rs 1,975 crore
Consolidated revenue from operations has also witnessed substantial growth, marking a 25 percent increase on-year, totaling Rs 3,517 crores for Q3.
- Feb 10, 2024,
- Updated Feb 10, 2024 8:07 PM IST
The National Stock Exchange (NSE) has showcased a commendable performance, reporting an 8 percent year-on-year surge in its net profit for the December quarter, amounting to Rs 1,975 crore. Consolidated revenue from operations has also witnessed substantial growth, marking a 25 percent increase on-year, totaling Rs 3,517 crores for Q3.
The surge in the topline growth can be attributed not only to trading revenue but also to other contributing factors such as data centre and connectivity charges, clearing services, listing services, index services, and data services. Notably, the net profit margins for Q3 FY24 stood impressively at 51 percent.
The cash market has experienced a significant uptick, with a 50 percent surge in average daily traded volumes (ADTVs) during Q3, reaching Rs 80,512 crore. Equity futures have also demonstrated growth, recording an 18 percent rise, with an ADTV of Rs 1,31,010 crore. Similarly, equity options in terms of premium value have seen a noteworthy increase, with an ADTV of Rs 56,707 crore, reflecting a 28 percent uptrend.
Overall, the combined volumes for the cash equity and equity derivatives segments have seen a robust growth of around 29 percent on-year during Q3 FY24. However, despite the strong surge in trading activity, the total transaction charges have only risen by approximately 18 percent year-on-year. This anomaly was primarily attributed to the reversal of increased transaction charges that came into effect on April 1, 2023.
The National Stock Exchange (NSE) has showcased a commendable performance, reporting an 8 percent year-on-year surge in its net profit for the December quarter, amounting to Rs 1,975 crore. Consolidated revenue from operations has also witnessed substantial growth, marking a 25 percent increase on-year, totaling Rs 3,517 crores for Q3.
The surge in the topline growth can be attributed not only to trading revenue but also to other contributing factors such as data centre and connectivity charges, clearing services, listing services, index services, and data services. Notably, the net profit margins for Q3 FY24 stood impressively at 51 percent.
The cash market has experienced a significant uptick, with a 50 percent surge in average daily traded volumes (ADTVs) during Q3, reaching Rs 80,512 crore. Equity futures have also demonstrated growth, recording an 18 percent rise, with an ADTV of Rs 1,31,010 crore. Similarly, equity options in terms of premium value have seen a noteworthy increase, with an ADTV of Rs 56,707 crore, reflecting a 28 percent uptrend.
Overall, the combined volumes for the cash equity and equity derivatives segments have seen a robust growth of around 29 percent on-year during Q3 FY24. However, despite the strong surge in trading activity, the total transaction charges have only risen by approximately 18 percent year-on-year. This anomaly was primarily attributed to the reversal of increased transaction charges that came into effect on April 1, 2023.