NSE net profit rises 39% to Rs 2,567 cr in Q1FY25
Mumbai: The National Stock Exchange (NSE) reported a 39 percent year-on-year increase in consolidated net profit, reaching Rs 2,567 crore for the quarter ending June 2024.
The exchange saw a 51 percent year-on-year rise in consolidated revenue from operations, totalling Rs 4,510 crore for the April-June period of FY25.
For Q1 FY25, NSE contributed Rs 14,003 crore to the exchequer. This amount included Rs 12,054 crore from STT/CTT (Commodities Transaction Tax), Rs 1,018 crore from stamp duty, Rs 362 crore from GST, Rs 333 crore in Sebi charges, and Rs 236 crore in income tax.
The growth in revenue was supported by trading revenue and revenue from other segments which mainly includes data centre and connectivity
charges, clearing services, listing services, index services and data services, NSE said in a statement.
"Out of the STT (Securitites Transaction Tax) of Rs 12,054 crore, 63 percent is from the cash market segment and the remaining 37 percent is from the equity derivatives segment," NSE said.
In the first quarter of FY25, the NSE has made a provision for an additional contribution of Rs 587 crore to increase the Core Settlement Guarantee Fund (SGF) corpus to Rs 10,500 crore, as advised by SEBI.
After this contribution, the core SGF corpus will stand at Rs 9,726 crore.
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