India’s Top Exchange Hits Rs 3,834 Crore Profit - Guess Who?

Global Leadership in Derivatives Trading Continues

Total Income and Profit Growth

Mumbai, February 4, 2025 – The National Stock Exchange of India (NSE) reported a consolidated total income of Rs 4,807 crores in Q3FY25, down from Rs 5,023 crores in Q2FY25 but up from Rs 3,974 crores year-on-year. Despite a 4 per cent sequential decline in transaction charges revenue to Rs 3,445 crores due to lower trading volumes, net profit surged 22 per cent quarter-on-quarter to Rs 3,834 crores, supported by a 17 per cent reduction in total expenses to Rs 1,084 crores. Operating EBITDA grew 2 per cent QoQ to Rs 3,398 crores.

Normalized Profit and Earnings Per Share

Excluding exceptional items, the normalized profit before tax fell 3 per cent quarter-on-quarter to Rs 3,770 crores. Earnings per share (non-annualized) stood at Rs 15.49 in Q3FY25, up from Rs 12.68 in Q2FY25, factoring in the 4:1 bonus issue.

Nine-Month Performance and Tax Contribution

For the nine months of FY25, consolidated total income rose 30 per cent year-on-year to Rs 14,780 crores, while net profit reached Rs 9,538 crores. NSE’s contribution to the exchequer stood at Rs 45,499 crores, including Rs 37,271 crores from STT/CTT and Rs 2,173 crores from income tax.

Standalone Financials and Market Activity

On a standalone basis, NSE’s Q3FY25 total income was Rs 4,289 crores, with a 2 per cent quarter-on-quarter dip in operational revenue to Rs 3,945 crores due to lower trading volumes. The cash market ADTV fell 19 per cent QoQ to Rs 1,04,115 crores, while the equity options ADTV dropped 7 per cent QoQ to Rs 61,295 crores. Operating EBITDA rose 8 per cent QoQ to Rs 2,807 crores, though net profit fell to Rs 2,291 crores from Rs 2,954 crores in Q2FY25.

Market Position and Leadership

NSE remains India’s largest stock exchange and the world’s leading derivatives exchange by trading volume.

Disclaimer: The article is for informational purposes only and not investment advice.