Dailymirror.news,Mumbai, February 6th, 2025: The National Stock Exchange of India (NSE), the country’s leading stock exchange, has reported its financial results for the third quarter of FY25 (Q3FY25), revealing a consolidated total income of ₹4,807 crores, down from ₹5,023 crores in the previous quarter (Q2FY25) but up from ₹3,974 crores in the corresponding quarter of FY24.

The NSE’s revenue from transaction charges for Q3FY25 stood at ₹3,445 crores, reflecting a 4% sequential decline, primarily due to reduced volumes in the cash market and derivatives segment. Despite this, the total expenditure in Q3FY25 declined by 17% QoQ to ₹1,084 crores.

The operating EBITDA for the quarter showed a 2% increase QoQ, reaching ₹3,398 crores, while net profit surged by 22% QoQ to ₹3,834 crores compared to ₹3,137 crores in Q2FY25. Earnings per share (EPS), on a non-annualized basis, increased to ₹15.49, up from ₹12.68 in Q2FY25, following the issuance of bonus equity shares in a 4:1 ratio.

However, when excluding gains from the sale of investments in subsidiaries and associates, as well as one-time expenses related to SEBI settlement fees and a reversal of provisions from the previous quarter, the normalized consolidated profit before tax saw a 3% decline QoQ, reaching ₹3,770 crores.

For the nine-month period ending December 31, 2024, the NSE posted a consolidated total income of ₹14,780 crores, marking a 30% year-on-year growth. Net profit for the nine months was ₹9,538 crores, with EPS rising to ₹38.54 from ₹23.51 in the same period of FY24.

On a standalone basis, NSE’s total income for Q3FY25 amounted to ₹4,289 crores, a decrease from ₹5,297 crores in Q2FY25, but an increase from ₹3,452 crores in Q3FY24. Revenue from operations in Q3FY25 stood at ₹3,945 crores, down 2% QoQ due to a drop in trading volumes in both the cash market and derivatives segment.

The cash market trading segment in Q3FY25 recorded an average daily traded volume (ADTV) of ₹1,04,115 crores, a 19% decline QoQ. The ADTV for equity futures and equity options also showed declines of 15% and 7% QoQ, respectively.

Despite the reduction in trading volumes, NSE’s standalone operating EBITDA grew by 8% QoQ to ₹2,807 crores, driven by a reduction in expenditure. However, net profit for Q3FY25 stood at ₹2,291 crores, down from ₹2,954 crores in Q2FY25, with a net profit margin of 53%.

For the nine-month period, NSE’s standalone total income reached ₹13,964 crores, with operating revenue standing at ₹12,038 crores. The operating EBITDA for this period was ₹7,799 crores, and net profit was ₹7,205 crores.

NSE also contributed significantly to the exchequer in 9MFY25, with total contributions amounting to ₹45,499 crores. This included ₹37,271 crores from Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT), ₹2,976 crores in stamp duty, ₹1,613 crores in SEBI fees, ₹2,173 crores in income tax, and ₹1,466 crores in GST. Of the STT/CTT collected, 61% was from the cash market segment, and 39% was from equity derivatives.

The NSE continues to be a key player in India’s financial ecosystem, providing robust infrastructure and facilitating capital market activities across the nation.