NSE made a profit of 13 percent in the September quarter, this much filled the government's treasury
Announcing the financial results for the second quarter of FY 2024, the National Stock Exchange (NSE) said that its consolidated net profit in the September quarter increased by 13 percent year-on-year to Rs 1999 crore. Apart from this, consolidated income from operations has increased by 24 percent. Know how much NSE has filled the government treasury. Read what is the complete news.
National Stock Exchange (NSE), one of the major indices of the stock market, has announced the results of the second quarter of its current financial year 24.
NSE released the September quarter figures and said that during July-September, consolidated net profit increased by 13 percent year-on-year to Rs 1,999 crore.
NSE said in a statement that consolidated income from operations in the second quarter under review stood at Rs 3,652 crore, which is 24 percent higher than the year-ago period.
Income from operations other than trading is due to other revenues including listing, index services, data services, and co-location facilities. Apart from this, NSE also informed that the net profit margin in the September quarter was 50 percent.
In H1FY24, NSE contributed Rs 18,744 crore to the exchequer, which included STT (securities transaction tax) of Rs 14,858 crore, stamp duty (Rs 1,156 crore), GST (Rs 975 crore), income tax (Rs 1,252 crore). Crore) and SEBI (Rs 503 crore).
Average daily traded volume (ADTV) in cash markets increased by 40 percent year-on-year to Rs 77,757 crore. Equity futures also rose by 4 percent year-on-year to Rs 1,23,019 crore. Apart from this, equity option ADTV increased by 33 percent annually to Rs 60,621 crore.
Talking on a standalone basis, standalone profit increased by 2 percent on an annual basis to Rs 1,562 crore as against Rs 1,535 crore in the same period a year ago.
