Net profit of India's largest bourse, the National Stock Exchange (NSE), jumped 31% year-on-year to ₹2,067 crore for the quarter ended March 31, 2023. The exchange had clocked a net profit of ₹1,580 crore in Q4 FY22.
The consolidated income from operations stood at ₹3,453 crore for the fourth quarter of FY23, up 31% from the year-ago period.
Apart from trading, the total revenue was also aided by other revenue lines, including listing, index services, data services, and co-location facility, says the world's largest derivatives exchange by trading volume.
The NSE board also recommended a dividend of ₹80 per share for FY23, subject to the approval of shareholders at the bourse's upcoming annual general meeting.
On the trading volumes front, cash markets recorded an average daily traded volumes (ADTVs) of ₹53,694 crore (down 20% year-on-year) while the equity futures reached an ADTV of ₹1,14,831 crore (down 3%). Options ADTVs stood at ₹47,744 crore (premium), logging a growth of 73%.
For the full fiscal, NSE's net profit after tax on a consolidated basis came in at ₹7,356 crore compared with ₹5,198 crore in FY22. Income from operations stood at ₹11,856 crore in FY23 compared to ₹8,313 crore in the corresponding period of the previous year. Total revenue on a consolidated basis grew 44% year-on-year to ₹12,765 crore.
On a consolidated basis, NSE's earnings per share increased to ₹41.73 in Q4 FY23 from ₹31.88 in the same quarter last year. For the full year, earnings per share increased from ₹104.95 in FY22 to ₹148.58 for FY23.
During the quarter, NSE contributed ₹203.45 crore to the Core Settlement Guarantee Fund (CSGF) maintained by NSE Clearing. The object of the Core SGF is to ensure that sufficient funds would be readily and unconditionally available to meet settlement obligations of a Clearing Corporation in case of a clearing member failing to honour settlement obligations. The total Core Settlement Guarantee fund stands at ₹5,284 crore.
In FY23, NSE said it contributed ₹28,989 crore to the exchequer of which STT (Securities Transaction Tax) comprised ₹21,965 crore, stamp duty was ₹1,987 crore, GST was ₹1,655 crore, income tax was ₹2,687 crore and markets regulator SEBI fee was ₹695 crore.
On Monday, NSE launched the rupee-denominated NYMEX WTI crude oil and natural gas futures contracts in its commodities derivatives segment. The addition of these contracts has expanded NSE's product offering in the Energy Basket as well as its overall commodity segment.
The launch of these contracts will provide effective trading and hedging opportunities to the market participants, with the availability of key energy products on a single trading platform.
