IPO-bound NSE reports record profit in Q3FY22
Ahead of its IPO, the National Stock Exchange (NSE) has reported record profit growth and revenues. NSE’s net profit jumped by more than five times on a consolidated basis in the December (2021) quarter to ₹1,348 crore compared to ₹208 crore reported during the same quarter in 2020. NSE’s consolidated net profit for nine months (up to December 2021) of the current financial year (FY) stood at ₹3,618 crore compared to the last full financial year (FY) profit of ₹3,600 crore.
For the nine months of the current FY ended December 2021, NSE reported consolidated net revenues of ₹6,084 crore. For the December 2021 quarter, the NSE’s revenues doubled to ₹2,367 crore from ₹1,411 crore reported during the same quarter of the year 2020.