4:1 Bonus share and Rs 90 dividend per share announced by NSE; profit surged by 51 per cent in FY24!

NSE maintains its position as the world's largest derivatives exchange for the 5th consecutive year.

The National Stock Exchange of India has announced its stellar Quarterly Results with a 20 per cent jump in profit for Q4 FY24, reaching Rs 2,488 crore.

NSE’s Q4 FY24 Performance

In the fourth quarter of FY24, NSE witnessed a robust 34 per cent year-on-year increase in consolidated operating revenue, reaching Rs 4,625 crores. Concurrently, the consolidated profit surged by 20 per cent year-on-year to Rs 2,488 crores.

The NSE Board has proposed a dividend of Rs 90 per share (pre-bonus) for FY24, totaling Rs 4,455 crores in the payout.

Furthermore, the Board suggested issuing 4 bonus shares for every existing share held, pending necessary approvals. However, it has yet to declare record dates for the bonus shares and dividend.

NSE's significant contributions to the exchequer in FY24 amounted to Rs 43,514 crores, with STT/CTT contributing Rs 34,381 crores, Income tax Rs 3,275 crores, Stamp duty Rs 2,833 crores, GST Rs 1,868 crores, and SEBI charges Rs 1,157 crores. Notably, NSE's STT accounted for 3.77 per cent of the net personal Income Tax collections for the financial year 2023-24.

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NSE’s FY24 Performance

The total revenue for FY24 stands at Rs 16,352 crores, marking a notable year-on-year increase of 28 per cent from Rs 12,765 crores in the previous year. Operating revenue climbed to Rs 14,780 crores from Rs 11,856 crores, reflecting a year-on-year growth of 25 per cent. The proportion of operating revenue to total revenue remained steady at 90 per cent. Profit after tax reached Rs 8,306 crores, representing a 51 per cent increase from Rs 7,356 crores in the previous year.

Looking at the revenue drivers, the revenue from Listing Services (including Listing, Book Building, and Processing Fees) amounted to Rs 223 crores, showing an increase from Rs 180 crores in the previous year. Data Center and Connectivity charges totaled Rs 884 crores, up from Rs 613 crores in the prior year, with Racks accounting for Rs 130 crores and Connectivity for Rs 754 crores. Treasury Income reached Rs 1,274 crores, rising from Rs 714 crores in the previous year, including Operating Treasury Income of Rs 83 crores. Transaction Charges amounted to Rs 12,049 crores, marking an 18 per cent increase of Rs 1,876 crores from the previous year's Rs 10,173 crore.

The net worth of the company stood at Rs 23,974 crores, compared to Rs 20,478 crores as of March 31, 2023. Furthermore, the book value per share increased to Rs 484 from Rs 414 as of March 31, 2023.