NSE Clocks Profit Above $1 Billion Mark, Announces 4:1 Bonus Share Issue

As of March end 2024, the exchange’s net worth stood at Rs 23,974 crore. The company clocked overall expenses at Rs 1,926 crore in the last quarter of the 2023-24 fiscal year.

The exchange also informed that its board recommended a dividend of Rs 90 per share for FY24, coming up to a total of Rs 4,455 crore.  ( Image Source :Getty )

The National Stock Exchange crossed the $1 billion milestone this week. The exchange announced that it has become a $1 billion profitable firm as its consolidated profit after tax surpassed the Rs 8,300-crore mark in the 2023-24 fiscal year (FY24). 

The company announced on Friday that it has recommended a 4:1 bonus share issue for existing shareholders. The exchange clocked overall expenses at Rs 5,350 crore in the fiscal year, soaring 90 per cent against Rs 2,812 crore in the last 2022-23 fiscal year (FY23), reported Moneycontrol.

The exchange also informed that its board recommended a dividend of Rs 90 per share for FY24, coming up to a total of Rs 4,455 crore. 

The NSE logged a contribution of Rs 43,514 crore to the exchequer during the fiscal under review, comprising a Securities Transaction Tax (STT) worth Rs 34,381 crore, an income tax of Rs 3,275 crore, a stamp duty of Rs 2,833 crore, Rs 1,868 crore worth of GST, and SEBI charges of Rs 1,157 crore. About 60 per cent of the STT was from the cash market segment and the remaining was from the equity derivatives segment.

As of March end 2024, the exchange’s net worth stood at Rs 23,974 crore. The company clocked overall expenses at Rs 1,926 crore in the last quarter of the 2023-24 fiscal year. About 46 per cent of the expenses amounted to SEBI’s regulatory fees, surplus contribution to Core SGF, and IPFT contributions. The corpus of core SGF stood at Rs 8,819 crore, as of March 31, 2024.

The average daily traded volume (ADTV) climbed 127 per cent on a year-on-year (YoY) basis to touch Rs 1.11 lakh crore in the January-March quarter in FY24. ADTV for equity futures increased 60 per cent to reach Rs 1.79 lakh crore and for equity options, hiked 27 per cent to hit Rs 75,572 crore in the last quarter of the 2023-24 fiscal year.