NSE Q3 net profit surges 94% YoY to Rs 3,834 crore, revenue rises 24%

NSE reported a consolidated total income of Rs 4,807 crores for Q3FY25.

National Stock Exchange (NSE) on February 4 reported a 94 percent increase in its net profit to Rs 3,834 crore for the third quarter ended on December 31, 2024. India's largest bourse had earned a net profit of Rs 1,975 crore in the October-December quarter of the previous year. Sequentially, the net profit increased by 22 percent from Rs 3,137 crores in Q2FY25.

The company's revenue from operations rose 24 percent to Rs 3,945 crore in the third quarter of the current fiscal from Rs 3,170 crore. However, it was a sequential decline of 2 percent QoQ, due to a reduction in trading volumes across cash market and derivatives segment. The total income was reported at Rs 4,807 crore for Q3FY25, as against Rs 5,023 crore in Q2FY25 and Rs 3,974 crore in the corresponding quarter of last year.

"Excluding the gains from sale of investment in subsidiaries / associate and the impact of expenses related to SEBI settlement fees as well as reversal of provision for core SGF recorded in the previous quarter, the normalized consolidated profit before tax in Q3FY25 declined by 3% QoQ to Rs 3,770 crores," the company said in a statement.

"In the 9MFY25 period, NSE’s contribution to the exchequer was Rs 45,499 crores, it said. On a consolidated basis, the operating EBITDA increased by 2 percent QoQ to Rs 3,398 crore.

"In Q3FY25, the cash market trading segment recorded an average daily traded volume (ADTVs) of Rs 1,04,115 crores (decline of 19% QoQ). The ADTV for equity futures segment in Q3FY25 stood at Rs 1,71,825 crores (decline of 15% QoQ); while the ADTV for equity options (premium value) stood at Rs 61,295 crores (decline of 7% QoQ)," it added.