IPO-bound NSE posts 57% rise in Q2 net profit at Rs 3,137 crore

IPO-bound NSE posts 57% rise in Q2 net profit at Rs 3,137 crore

IPO-bound National Stock Exchange Ltd (NSE) on November 4 said consolidated net profit for the September quarter rose 57 percent to Rs 3,137 crore from a year earlier.

The stock exchange said its consolidated total income rose 25 percent to Rs 5,023 crore.

"Apart from trading revenue, the revenue from operations was also supported by other revenue lines, which mainly includes clearing services, data centre and connectivity charges, listing services, index services and data services," NSE said in a statement on November 4.

NSE said it contributed Rs 30,130 crore to the exchequer in the first half of fiscal year 2025. This includes Rs 24,755 crore in securities transaction tax (STT) and commodities transaction tax (CTT), Rs 2,099 crore in stamp duty, Rs 1,333 crore in Securities and Exchange Board of India (SEBI) fees, Rs 1,119 crore in income tax, and Rs 824 crore in goods and services tax (GST). "Out of the STT/CTT of Rs 24,755 crore, 64 percent is from cash market segment and 36 percent is from equity derivatives segment," said the exchange.

Total expenses saw an 8 percent decline to Rs 1,303 crore, largely due to a Rs 670 crore settlement fee to SEBI and Rs 58 crore in regulatory fees, partly offset by reduction in additional contribution to the core Settlement Guarantee Fund (SGF). The operating EBITDA margin rose 74% to ₹3,344 crore as against 64% in the year-ago period.

In September, the market regulator has disposed of its proceedings against the NSE, Ravi Narain, Chitra Ramkrishna, Anand Subramanian, and others concerning the exchange's co-location services, paving the way for its IPO.