NSE Q3 revenue surges 25%, propelling 8% net profit jump

12 Feb 2024 , 10:51 AM

The National Stock Exchange (NSE) said that its net profit for the December quarter increased by 8% year over year to ₹ 1,975 Crore. In Q3, total operating revenue increased by 25% year over year to ₹3,517 crores.

In addition to trading revenue, clearing services, listing services, index services, data services, data centre and connectivity fees, and clearing services all contributed to the topline growth. 51 % was the net profit margin for the third quarter of FY24.

Average daily traded volumes (ADTVs) in the cash market increased by 50% year over year in Q3, totaling ₹80,512 Crore.

With an ADTV of ₹1,31,010 Crore, stock futures saw growth of 18% as well. In terms of premium value, equity options had a 28% gain with an ADTV of ₹56,707 Crore.

During Q3 FY24, the combined volumes for the cash equity and equity derivatives categories increased by about 29% year over year. All told, just about 18% YoY growth was seen in total transaction charges, despite the significant increase in trade volume. The primary cause of this disparity was the reversal of higher transaction fees that went into effect on April 1, 2023.

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