NSE’s consolidated Q4 operating revenue up by 34% YoY at Rs.4,625 cr (UPDATED)

NSE, India’s leading exchange, reported consolidated revenue from operations at Rs.4,625 crores for Q4 FY24, up by 34% on a year-on-year basis. Apart from trading revenue, the revenue from operations was also supported by other revenue lines which mainly includes data centre & connectivity charges, clearing services, listing services, index services and data services. NSE posted net profit of Rs.2,488 crores on a consolidated basis for Q4 FY24, up by 20% on a year-on-year basis. The net profit margins for Q4 FY24 stood at 49%. On a consolidated basis, earnings per share increased to Rs.50.25 in Q4 FY24 from Rs.41.72 in Q4 FY23. On the trading volumes front, cash markets recorded an average daily traded volumes (ADTVs) of Rs.1,11,687 crores (up 127% YoY) while the equity futures reached an ADTV of Rs.1,79,840 crores (up 60% YoY) and equity options (premium value) ADTVs stood at Rs.75,572 crores (up 27% YoY) for Q4 FY24. NSE on a standalone basis reported total operating income of Rs.4,123 crores for Q4 FY24, showing a growth of 25% on a year-on-year basis which was Rs.3,295 crores for the corresponding quarter last year. NSE during the quarter on a standalone basis incurred total expenses of Rs.1,926 crores for Q4 FY24. Almost 46% of these expenses amounting to Rs.882 crores, are towards SEBI Regulatory Fees, additional contribution to Core SGF as desired by SEBI and Contribution to IPFT. NSE in the FY24 has made additional contribution of Rs.1,741 crores and NCL has made additional contribution of Rs.1,400 crores to augment the Core Settlement Guarantee Fund corpus from current level to Rs.10,000 crores as desired by SEBI. The corpus of core SGF as at March 31, 2024 is Rs.8,819 crores. At the operating EBITDA level NSE, on a standalone basis, posted an EBITDA margin of 56% for Q4 FY24 compared to 69% in the corresponding quarter last year.  NSE reported standalone net profit of Rs.1,856 crores for Q4 FY24 which was Rs.1,810 crores for the corresponding quarter last year. The net standalone profit margin stood at 42%. NSE Board has recommended a dividend of Rs 90 per share (pre-bonus) for the year ending FY 24 amounting to pay-out of Rs.4,455 crores. NSE Board has also recommended issue of 4 bonus shares for existing 1 share held, subject to necessary approvals from shareholders and regulators for increase in authorised share capital. NSE Contributed Rs.43,514 crores to the exchequer for FY24 of which STT/CTT comprised of Rs.34,381 crores, Income tax of Rs.3,275 crores, Stamp duty of Rs.2,833 crores, GST of Rs.1,868 crores and SEBI charges of Rs.1,157 crores. Out of the STT of Rs.34,381 crores 60% is from cash market segment and 40% is from equity derivatives segment. The STT collection of Rs.34,381 crores are 24.46% higher than the annual Budget Estimate of Rs.27,625 crores. This STT accounts for 3.77% of the net personal Income Tax collections for the financial year 2023-24.

 

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