NSE Q1 results: Consol PAT rises 9% YoY to Rs 1,844 crore; revenue up 13%

economictimes.indiatimes.com:

Besides trading revenue, the topline was also supported by other revenue lines, which include listing, index services, data services, and colocation services. The net profit margin for Q1 stood at 55%. On the trading volumes front, cash markets reported an average daily traded volumes (ADTVs) of Rs 58,593 crore, up 4% YoY.

The equity futures ADTV dropped 13% on year to Rs 1.04 lakh crore, while equity options ADTVs surged 33% to Rs 54,210 crore. The consolidated earnings per share increased to Rs 37.26 in the quarter, from Rs 34.13 a year ago. At the standalone level, the country’s largest stock exchange reported a 7% growth in net profit to Rs 1,598 crore, and total operating income grew 14% YoY to Rs 2,833 crore.

The total expenses surged 51% on year to Rs 970 crore, with 30% of this going towards SEBI turnover fees, settlement fees, contribution to IPFT and contribution to core SGF. At the operating level, NSE posted an operating margin of 69% for the quarter, compared to 77% in the corresponding quarter last year. The board has given approval to the exchange to infuse Rs 1,400 crore into wholly-owned subsidiary NSE Clearing Ltd.

This money will be used towards contribution to the core settlement guarantee fund. In May, the exchange had intimated about augmentation of the Core Settlement Guarantee corpus to Rs 10,000 crore over the next few years in a phased manner from the current level of around Rs 5,000 crore. In the first quarter, NSE contributed Rs 7,889 crore to the exchequer, of which STT comprised Rs 6,411 crore, stamp duty Rs 503 crore, GST Rs 475 crore, income tax Rs 225 crore, and SEBI Rs 275 crore.