NSE Q3 net profit rises 8% to Rs 1,975 crore, revenue up 25%

The National Stock Exchange (NSE) has reported an 8 percent year-on-year rise in its net profit for the December quarter to Rs 1,975 crore. Consolidated revenue from operations grew 25 percent on-year to Rs 3,517 crores for Q3.

Apart from trading revenue, the topline growth was also aided by other sources including data centre and connectivity charges, clearing services, listing services, index services and data services. The net profit margins for Q3 FY24 stood at 51 percent.

In Q3, the cash market saw a 50 percent on year surge in average daily traded volumes (ADTVs), reaching Rs 80,512 crore. Equity futures also recorded 18 percent growth, with an ADTV of Rs 1,31,010 crore, while equity options in terms of premium value recorded an ADTV of Rs 56,707 crore, reflecting a 28 percent increase.

Overall, the combined volumes for the cash equity and equity derivatives segments grew around 29 percent on year during Q3 FY24. However, despite the strong growth in trading activity, the total transaction charges only rose by around 18 percent YoY. This discrepancy was attributed primarily to the reversal of increased transaction charges that came into effect on April 1, 2023.