NSE, India’s leading exchange, reported consolidated revenue from operations at Rs.3,652 crores for Q2 FY24, an increase of 24 per cent YoY basis. In addition to trading revenue, various revenue streams including clearing, listing, index, data, and colocation services also contributed to the business’ financial success.
In Q2 FY24, NSE reported a net profit of Rs. 1,999 crores on a consolidated basis, representing a 13 per cent YoY increase. In Q2 of FY24, net profit margins were 50 per cent.
The average daily traded volumes (ADTVs) for the cash markets were Rs. 77,757 crores, up 40 per cent YoY. In contrast, the ADTVs for stock futures were Rs. 1,23,019 crores, up 4 per cent YoY, and the ADTVs for equities options (premium value) were Rs. 60,621 crores, up 33 per cent YoY.
NSE recorded total operational income of Rs. 3,386 crores on a stand-alone basis. This is a 22 per cent YoY growth over the previous quarter’s Rs. 2,770 crores.
When considering NSE alone, the total expenses expended came to Rs. 1,623 crores, an increase of 135 per cent YoY. These costs, which total Rs. 804 crores, are almost entirely paid for by contributions to Core SGF, IPFT, and SEBI Turnover Fees.
NSE reported an operating EBITDA margin of 54 per cent for the second quarter of FY24 on a standalone basis, down from 78 per cent in the same quarter the previous year.
In Q2 FY24, NSE recorded a standalone net profit of Rs. 1,562 crores, up 2 per cent year over year from Rs. 1,535 crores in the same quarter the previous year. The percentage of net standalone profit was 42 per cent.
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