The National Stock Exchange (NSE) has released its financial results for Q3FY24 and the nine months ended December 2023. In Q3FY24, NSE recorded a net consolidated profit of Rs.1,975 crore, marking an 8% year-on-year increase. The total consolidated operating revenue also saw a significant rise of 25% year-on-year, reaching Rs.3,517 crore.

Total expenses for the period amounted to Rs.1,369 crores, marking a substantial year-on-year increase of 98% compared to Rs.693 crores in the previous year. Cash expenses constituted the majority, totaling Rs.1,256 crores, showing a significant rise from Rs.599 crores in the previous year. This surge in expenses was primarily attributed to additional contributions to the core SGF as desired by SEBI, amounting to Rs.556 crores, along with regulatory fees amounting to Rs.127 crores.

The operating EBITDA, excluding the additional contribution to the core SGF as desired by SEBI, stood at 80%, totaling Rs.2,817 crores, compared to 79% at Rs.2,225 crores in the previous year. However, with the additional contribution, the operating EBITDA decreased to 64%, amounting to Rs.2,261 crores.

Other notable financial metrics include a share of profit from associates amounting to Rs.30 crores, profit on the sale of investments totaling Rs.81 crores, and an effect of discontinued operations of Rs.(37) crores. Despite the increase in expenses, the profit after tax for the period stood at 51%, totaling Rs.1,975 crores, compared to 59% at Rs.1,826 crores in the previous year. Additionally, the earnings per share were reported at Rs.39.90.

NSE Unlisted Shares 9MFY24 Consolidated Results 

The total revenue for the period amounted to Rs.11,272 crores, showing a notable year-on-year increase of 25% compared to Rs.8,992 crores in the previous year.

Operating revenue reached Rs.10,155 crores, marking a 21% year-on-year increase from Rs.8,403 crores in the previous year. Operating revenue accounted for 90% of the total revenue.
Total expenses surged to Rs.3,645 crores, reflecting a substantial year-on-year increase of 101% compared to Rs.1,815 crores in the previous year. Among these expenses, cash expenses stood at Rs.3,322 crores, compared to Rs.1,533 crores in the previous year.

The significant increase in total expenses was primarily attributed to additional contributions to the Core SGF as desired by SEBI, amounting to Rs.1,167 crores, along with regulatory fees totaling Rs.367 crores.

Operating EBITDA, excluding the additional contribution to the Core SGF as desired by SEBI, stood at 79%, totaling Rs.8,001 crores, compared to 82% at Rs.6,870 crores in the previous year. However, including the additional contribution, the operating EBITDA decreased to 67%, amounting to Rs.6,834 crores.

Other notable financial metrics include a share of profit from associates amounting to Rs.78 crores, profit on the sale of investments totaling Rs.81 crores, and an effect of discontinued operations  of Rs.(88) crores. Despite the increase in expenses, the profit after tax for the period stood at 52%, totaling Rs.5,818 crores, compared to 59% at Rs.5,289 crores in the previous year. Additionally, the earnings per share  were reported at Rs.117.54.