NSE Q2 Results | Net profit jumps 57% to ₹3,137 crore, income up 25%

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The National Stock Exchange (NSE) on Monday (November 4) reported a 57% year-on-year (YoY) jump in consolidated net profit at ₹3,137 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, NSE posted a net profit of ₹1,999 crore, the company said in a regulatory filing.

This growth was underpinned by a 25% YoY increase in consolidated total income, which reached 5,023 crore, largely driven by a strong uptick in operating revenue. On a standalone basis, NSE’s total income grew by 35% YoY to 5,297 crore, with standalone profit reaching 2,954 crore, marking a 64% rise.

Also Read: SPARC Q2 Results | Net loss widens to ₹107 crore, revenue dives 39% to ₹13 crore

In the first half of FY25, the exchange’s consolidated total income stood at 9,974 crore, up 35% over H1 of FY24, while consolidated profit increased by 48% YoY to 5,704 crore. NSE’s operating revenue in Q2 FY25 accounted for 90% of the total income, amounting to 4,510 crore, a 24% rise over the year-ago period.

Total expenses saw an 8% decline to 1,303 crore, largely due to a 670 crore settlement fee to SEBI and 58 crore in regulatory fees, partly offset by reduced contributions to the core Settlement Guarantee Fund (SGF). The operating EBITDA margin also improved significantly, reaching 74%, translating to 3,344 crore — up from 64% in the prior-year quarter.

Additionally, NSE’s contributions to the national exchequer in H1 FY25 amounted to 30,130 crore, with 24,755 crore generated from securities transaction tax/commodity transaction Tax, 2,099 crore from stamp duty, 1,333 crore in SEBI charges, ₹1,119 crore in income tax, and 824 crore in GST payments.

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