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Synopsis : NSE reports 20% YoY rise in net profit, plans 4:1 bonus issue, Rs 90/share dividend. Q4 sees robust revenue growth, high trading volumes. Contributions to exchequer total Rs 43,514 crore in FY24.
The NSE posted a 20% year-on-year rise in its consolidated net profit, reaching Rs 2,488 crore for the quarter ending March 2024. Additionally, the NSE announced plans for a four-for-one bonus share issuance, pending approvals, and a dividend payout of Rs 90 per share for the fiscal year ending March 2024, subject to shareholder approval. The record date for the bonus share issue is yet to be finalized.
In terms of financial performance, consolidated operating revenues for the January-March quarter of the fiscal year 2023-24 amounted to Rs 4,625 crore, marking a 34% surge compared to the same period last year. The increase in revenue was supported by various sources, including trading, listing, index services, data services, and co-location facilities.
Trading volumes also saw significant growth, with cash markets recording an average daily traded volume (ADTV) of Rs 1,11,687 crore (up 127% YoY), equity futures reaching an ADTV of Rs 1,79,840 crore (up 60% YoY), and equity options (premium value) ADTVs standing at Rs 75,572 crore (up 27% YoY) for the quarter ended March 2024.
On a standalone basis, the NSE reported a net profit of Rs 1,856 crore for the fourth quarter ended March 31, 2024, compared to Rs 1,810 crore for the same period last year. Its total operating income surged by 25% to Rs 4,123 crore for Q4 FY24, from Rs 3,295 crore for the corresponding quarter last year.
Throughout FY24, the NSE contributed Rs 43,514 crore to the exchequer, comprising Securities Transaction Tax (STT) of Rs 34,381 crore, income tax of Rs 3,275 crore, stamp duty of Rs 2,833 crore, GST of Rs 1,868 crore, and Sebi charges of Rs 1,157 crore. Out of the STT collection, 60% came from the cash market segment, while the remaining 40% came from the equity derivatives segment.
Related Questions
1. What is the NSE's consolidated net profit for the quarter ending March 2024?
The NSE's consolidated net profit for the quarter ending March 2024 stood at Rs 2,488 crore, representing a 20% year-on-year rise.
2. What plans has the NSE announced for its fiscal year ending March 2024?
The NSE has announced plans for a four-for-one bonus share issuance, pending approvals, and a dividend payout of Rs 90 per share for the fiscal year ending March 2024, subject to shareholder approval. The record date for the bonus share issue is yet to be finalized.
3. What were the key factors contributing to the NSE's revenue growth for the January-March quarter of FY 2023-24?
The NSE's revenue growth for the January-March quarter of FY 2023-24 was supported by trading, listing, index services, data services, and co-location facilities, contributing to a 34% surge in consolidated operating revenues compared to the same period last year.
4. What are the average daily traded volumes (ADTVs) for various segments recorded by the NSE for the quarter ended March 2024?
For the quarter ended March 2024, the NSE recorded significant growth in trading volumes, with cash markets reaching an average daily traded volume (ADTV) of Rs 1,11,687 crore (up 127% YoY), equity futures ADTV of Rs 1,79,840 crore (up 60% YoY), and equity options (premium value) ADTVs standing at Rs 75,572 crore (up 27% YoY).
