NSE Q2FY24 net profit skyrockets to Rs 1,999 crore, demonstrating impressive 13 per cent growth!

NSE reported a consolidated revenue of Rs 3,652 crore for Q2FY24, marking a 24 per cent year-on-year growth

The National Stock Exchange of India (NSE) holds the distinction of being the world's largest derivatives exchange by trading volume (contracts), as per statistics maintained by the Futures Industry Association (FIA) for the calendar year 2022. Furthermore, it is ranked 3rd globally in cash equities by the number of trades, according to statistics compiled by the World Federation of Exchanges (WFE). NSE made history as the first exchange in India to adopt electronic or screen-based trading.

NSE reported a consolidated revenue of Rs 3,652 crore for Q2FY24, marking a 24 per cent year-on-year growth. In addition to trading revenue, the overall revenue was bolstered by various other sources, including clearing services, listing services, index services, data services, and colocation services.

NSE posted a consolidated net profit of Rs 1,999 crore for Q2FY24, reflecting a 13 per cent year-on-year increase, with net profit margins standing at 50 per cent. On a consolidated basis, earnings per share rose to Rs 40.38 in Q2FY24 from Rs 35.83 in Q2FY23.

Turning to trading volumes, the cash markets saw an average daily traded volume (ADTV) of Rs 77,757 crore (up 40 per cent YoY), while equity futures reached an ADTV of Rs 1,23,019 crore (up 4 per cent YoY), and equity options (premium value) recorded ADTVs of Rs 60,621 crore (up 33 per cent YoY).

In the first half of FY24, contributions to the exchequer amounted to Rs 18,744 crore, consisting of STT (Securities Transaction Tax) at Rs 14,858 crore, Stamp duty at Rs 1,156 crore, GST (Goods and Services Tax) at Rs 975 crore, Income tax at Rs 1,252 crore, and SEBI (Securities and Exchange Board of India) at Rs 503 crore.

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