National Stock Exchange announced its Q1 FY25 results - Spectacular start to the year

09 August 2024

The National Stock Exchange of India (NSE) reported significant financial and operational growth in the Q1 FY25. The consolidated operating revenue surged by 51% year-on-year (y-o-y) to ₹4,510 Cr. This growth was driven by various revenue streams, including trading revenue, data center & connectivity charges, clearing services, listing services, index services, and data services. On the bottom line, NSE's consolidated profit increased by 39% (y-o-y), reaching ₹2,567 Cr, with a net profit margin of 52%.

Trading volumes also saw a notable rise, with the cash markets recording an average daily traded volume (ADTV) of ₹1,22,872 Cr, up 110% (y-o-y). Equity futures and equity options (premium value) also grew substantially, with ADTVs of ₹2,09,279 Cr and ₹71,957 Cr, respectively.

Operational expenses on a standalone basis for Q1 FY25 amounted to ₹1,762 crores, reflecting a significant increase due to contributions towards the Core Settlement Guarantee Fund (SGF) and SEBI regulatory fees. NSE made an additional provision of ₹587 crores to augment the Core SGF corpus, bringing it to ₹9,726 crores. Despite higher expenses, NSE maintained a strong operating EBITDA margin of 59% for Q1 FY25, though slightly lower than the 69% reported in the same period last year.