NSE profits surpass $1 billion, and the board suggests a 4:1 bonus problem

NSE profits surpass $1 billion, and the board suggests a 4:1 bonus problem

NSE accomplished this milestone in spite of its overall expenditures rising by 90% annually to Rs 5,350 crore.

As of March 31, 2024, NSE has a net value of Rs 23,974 crore.

The National Stock Exchange's consolidated earnings after taxes topped Rs 8,300 crore in the fiscal year 2023–2024, breaking the $1 billion profit threshold. Even though its overall costs increased by 90% year over year to Rs 5,350 crore from Rs 2,812 crore in FY23, the exchange nevertheless managed to reach this milestone.

On May 3, the business suggested issuing four bonus shares in exchange for the one share that was already owned. The board also suggested paying out Rs 4,455 crore in dividends, or Rs 90 per share (pre-bonus) for the fiscal year that ends in 2023–2024.

During FY24, the NSE brought in a total of Rs 43,514 crore to the exchequer. This amount was made up of Rs 34,381 crore from STT (Securities Transaction Tax), Rs 3,275 crore from income tax, Rs 2,833 crore from stamp duty, Rs 1,868 crore from GST, and Rs 1,157 crore from Sebi charges. Thirty percent came from the stock derivatives sector and sixty percent came from the cash market segment out of the Rs 34,381 crore STT.

As of March 31, 2024, NSE has a net value of Rs 23,974 crore. The total costs for Q4FY24 were Rs 1,926 crore, of which 46% went for increased contributions to IPFT, Core SGF, and SEBI regulatory fees. As of March 31, 2024, the basic SGF corpus is at Rs 8,819 crore.

The average daily traded volume (ADTV) in the cash market increased by 127% year over year to Rs 1.11 lakh crore for the quarter that concluded in March 2024. In Q4FY24, ADTV for equities futures increased by 60% to Rs 1.79 lakh crore, while ADTV for equity options (premium value) increased by 27% to Rs 75,572 crore.