The National Stock Exchange (NSE) posted a 47% year-on-year rise in consolidated net profit to ₹12,188 crore for FY25, despite a 13% drop in Q4 total income. Alongside the results announced on May 6, the exchange also recommended a substantial dividend payout.
For the quarter ended March 2025, NSE's consolidated profit after tax (PAT) stood at ₹2,650 crore. This represents a 7% increase from the ₹2,488 crore reported in the March quarter of the previous fiscal year. However, on a sequential basis, the Q4 FY25 net profit saw a 31% dip from ₹3,834 crore in Q3 FY25. The consolidated total income for the quarter under review was ₹4,397 crore, down 13% from ₹5,080 crore in the March quarter of FY24. This sequential decline was attributed to a 15 per cent quarter-on-quarter fall in consolidated revenue from transaction charges, stemming from reduced trading volumes. Average Daily Traded Value (ADTV) saw a decline across segments, with the cash segment falling 8% QoQ to ₹95,488 crore, and equity futures and options ADTVs declining 6% and 17%respectively over Q3 FY25. Operating EBITDA for the quarter also decreased by 18% sequentially to ₹2,799 crore.
For FY25, the exchange posted a consolidated net profit of ₹12,188 crore, marking a 47% jump year-on-year. Consolidated total income for the year increased by 17% to ₹19,177 crore. Consolidated operating EBITDA for FY25 grew by 28% to ₹12,647 crore. Excluding certain items, the normalized consolidated profit before tax for FY25 increased by 17% year-on-year to ₹14,895 crore. On a standalone basis, the net profit for the full year rose 69% YoY to ₹11,246 crore, supported by a 33% increase in total income to ₹19,823 crore.
The board of directors has recommended a final dividend of ₹35 per equity share (3,500%) of ₹1/- each for the year ended March 31, 2025. Notably, this includes a special one-time dividend of ₹11.46 per equity share. The recommended dividend is subject to approval by the shareholders at the upcoming Annual General Meeting.
NSE's significant role in the financial ecosystem is underscored by its contribution to the exchequer. For the financial year FY25, NSE contributed ₹59,798 crore. This comprised Securities Transaction Tax (STT)/Commodities Transaction Tax (CTT) of ₹48,439 crore, stamp duty of ₹3,772 crore, Sebi fees of ₹1,804 crore, income tax of ₹3,831 crore, and GST of ₹1,952 crore. Of the total STT/CTT collected, 58 per cent originated from the cash market segment and 42% from the equity derivatives segment.
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