NSE expects to clock nearly 3-fold profit growth in FY22 at Rs 4,400 crore
National Stock Exchange (NSE), one of the latest exchanges in the world according to volumes, said it expects to report consolidated net profit at Rs 4,400 crore in the FY22. This means the company will post a profit growth of 178%. In the last year, NSE had posted a profit of Rs 1,585 crore, after deducting an exceptional item of Rs 1363 crore. Without exceptional items, the profit was Rs 2,948 crore.
NSE, in its projection, said its revenue will stand around Rs 8500 crore, up from Rs 5,263 core in the previous fiscal. Ebitda is likely to be at Rs 6,100 crore. The profit margin will be 52 per cent and return on equity at 34%.