NSE Q3 Results: Net profit climbs 94% to ₹3,834 crore, average daily traded volume falls sequentially

India’s leading stock exchange NSE on Tuesday, announcing its financial results for the third quarter of the current fiscal (Q3 FY25), posted a stellar 94% jump in its net profit to ₹3,834 crore as against ₹1,975 crore in the year-ago period.

The total income of the exchange surged by 21% to ₹4,807 crore for the reporting quarter as compared to ₹3,974 crore in the previous fiscal.

NSE’s revenue from transaction charges was at ₹3,445 crore, down 4% on a sequential basis. Its operating earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 50% year-on-year (YoY) and 2% quarter-on-quarter (QoQ) to ₹3,398 crore on the back of controlled costs.

Additionally, the stock exchange’s trading activity declined. On a QoQ basis, its average daily traded volume (ADTV) for the cash market and for the futures segment fell by 19% and 15%, respectively. For equity options, the ADTV declined by 7%.

For the nine months ended December 31, 2024 (9M FY25), the total income of the National Stock Exchange (NSE) increased to ₹14,780 crore, up 30% YoY. Its net profit climbed 64% year-on-year (YoY) to ₹9,538 crore.

NSE's contribution to the exchequer in 9M FY25 stood at ₹45,499 crore which included STT/CTT of ₹37,271 crore, stamp duty of ₹2,976 crore, SEBI fees of ₹1,613 crore, income tax of ₹2,173 crore and GST of ₹1,466 crore.

Moreover, out of the Securities Transaction Tax (STT) or Commodity Transaction Tax (CTT) of ₹37,271 crore, 61% were generated from the cash market segment. The remaining 39% were from the equity derivatives segment.