NSE board recommends 4:1 bonus shares, ₹90 per share dividend. Declares strong Q4 results 2024
NSE dividend, bonus shares: The National Stock Exchange (NSE) board has recommended issuing bonus shares in a 4:1 ratio. The board also recommended a ₹90 per share dividend to the eligible shareholders of the company. NSE informed the Indian stock market exchanges about these developments while declaring its Q4 results 2024 on Friday.
However, NSE is yet to declare record dates for the bonus shares and dividend. In Q4FY24, NSE reported a 20 percent YoY rise in profit to ₹2,488 crore. The NSE informed about the ₹90 per share proposal in a press statement, saying, "NSE Board has recommended a dividend of ₹90 per share (pre-bonus) for the year ending FY24 amounting to pay-out of ₹4,455 crores." "NSE Board has recommended issue of 4 bonus shares for existing one share held, subject to necessary approvals from shareholders and regulators for an increase in authorised share capital." NSE reported consolidated revenue from operations at ₹4,625 crores for Q4 FY24, up by 34% on a year-on-year basis.
Apart from trading revenue, the revenue from operations was also supported by other revenue lines, which mainly include data centre & connectivity charges, clearing services, listing services, index services and data services. Also Read: Gold price dips ₹3300 from all-time high. Should you buy in this correction? NSE posted a net profit of ₹2,488 crores on a consolidated basis for Q4 FY24, up by 20% year-on-year.
The net profit margins for Q4 FY24 stood at 49%. On a consolidated basis, earnings per share increased to ₹50.25 in Q4 FY24 from ₹41.72 in Q4 FY23. On the trading volumes front, cash markets recorded an average daily traded volumes (ADTVs) of ₹1,11,687 crores (up 127% YoY) while the equity futures reached an ADTV of ₹1,79,840
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