NSE Q4 Results: Net profit rises 19% YoY to Rs 1,810 crore; dividend declared at Rs 80 per share

The country’s leading stock exchange reported a strong 32% YoY growth in operating income to Rs 3,295 crore. The board has recommended a dividend of Rs 80/share for FY23, amounting to a payout of Rs 3,960 crore.

For the year-ended March, NSE reported total operating income of Rs 11,181 crore, registering a growth of 44% from the year-ago period.

At the operating level, the exchange saw its margin dip to 69% in the March quarter, from 73% in the corresponding quarter last year. Net profit margins were maintained at 51%.

On the trading volumes front, the cash market recorded an average daily traded volumes (ADTVs) of Rs 53,694 crore, down 20% YoY, while the equity futures segment saw a 3% fall to Rs 1.15 lakh crore. However, options ADTVs at Rs 47,744 crore (premium), registered a growth of 73% YoY.

At the consolidated level, NSE reported a 31% YoY growth in consolidated net profit to Rs 2,067 crore for the March quarter. Consolidated income from operations stood at Rs 3,453 crore for the quarter, up 31% YoY.

Apart from trading, the total revenue was also supported by other revenue lines, including listing, index services, data services and colocation facility, the exchange said in a release. The consolidated net profit margins were 55%, similar to last year. For FY23, the consolidated net profit was Rs 7,356 crore compared to Rs 5,198 crore in FY22. Income from operations stood at Rs 11,856 crore compared to Rs 8,313 crore in the corresponding period of the previous year.

During the quarter, NSE contributed Rs 203.45 crore to the Core Settlement Guarantee Fund (CSGF) maintained by NSE Clearing. The total Core Settlement Guarantee fund stands at Rs 5,284 crore.

During the financial year ended March, NSE contributed Rs 28,989 crore to the exchequer, of which, Securities Transaction Tax (STT) formed a lion’s share at Rs 21,965 crore.

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