NSE announced its FY24 results- Strong performance on the back of attractive markets.

Financial performance

For the financial year ended March 31, 2024, the National Stock Exchange of India Limited (NSE) reported excellent financial performance. The consolidated income increased to ₹16,433.61 Cr from ₹12,765.36 Cr in the previous year a jump of 28.7%, indicating strong operational performance and growth in market activities. Expenditure also rose to ₹3,608.90 Cr from ₹2,608.83 Cr. Despite the increase in expenses, the NSE achieved a significant profit before tax from continuing operations of ₹11,184.28 Cr, up from ₹10,041.58 Cr the previous year. However, net profit after tax saw marginally low growth of 12.9% to ₹8,406.48 Cr from ₹7,501.88 Cr. The earnings per share (EPS) for continuing operations stood at ₹169.83. These figures demonstrate strong financial health driven by higher trading volumes and improved market participation.

KPIs

The exchange is No.1 in Multi-asset Class exchange, Derivative Exchange (No. of Contract trades) in the world, and is ranked No.3 Equity Exchange (No. of trades) in the world. It had Rs 13.8 Lakh Cr of total fund mobilization, with a market share of 92.7% in equity cash, 99.9% in equity futures, and 96.9% in equity options.

Strategic focus

The National Stock Exchange of India Limited (NSE) has identified key areas of focus to achieve its goal of creating an inclusive and diverse capital market. These priorities aim to enhance market integrity, bolster investor confidence, and promote sustainable growth.

First, the NSE aims to improve access by ensuring diverse participation and a transparent, efficient, and orderly trading environment. This will help in facilitating capital raising and economic growth.

Second, the focus will be on driving market growth by introducing innovative financial products and maintaining stable and reliable markets.

Additionally, the NSE will prioritize leveraging technology advancements to keep India at the forefront of financial market technology and upgrading trading systems.

The exchange will also aim to build partnerships to enhance business resilience and market development.

Lastly, the NSE will work on encouraging capital formation to simplify capital access for businesses and invite investor participation in India's economic growth. These priorities underscore NSE's commitment to financial inclusion, innovation, and maintaining a robust and transparent market to support long-term growth in India's financial sector.