Mumbai: The National Stock Exchange (NSE) disclosed on Monday that its consolidated net profits for the July-September fiscal year witnessed a significant increase of 57 percent year-on-year, reaching a total of Rs 3,137 crore. This represents a net profit margin of 62 percent for the quarter.
The leading exchange's consolidated total income for the period was elevated by 25 percent, reaching a figure of Rs 5,023 crore.
The revenue generated from trading activities was complemented by other streams of income, primarily through clearing services, data center and connectivity fees, listing services, index services, data services, and NSE's statement further elucidated.
Combined, the April-June and July-September quarters saw a 48 percent surge in net profits, culminating in a total of Rs 5,704 crore.
The aggregate total income for the two quarters experienced a 35 percent increase year-on-year, reaching a figure of Rs 9,974 crore.
Established in 1994, NSE has consistently been recognized as the largest stock exchange in India, both in terms of total and average daily turnover for equity shares annually since 1995, as per data from the Securities and Exchange Board of India (SEBI).
The exchange has expressed interest in listing its shares since 2016, although these plans were postponed due to corporate governance concerns.
With the Securities and Exchange Board of India (SEBI) recently concluding proceedings against the stock exchange and its former officials in a co-location case, it is anticipated that these issues will be resolved, paving the way for the long-awaited Initial Public Offering (IPO) of the leading exchange.
In late 2016, NSE submitted the draft red herring prospectus for its Initial Public Offering (IPO) to the Securities and Exchange Board of India (SEBI), with the aim of raising an estimated Rs 10,000 crore.
The Bombay Stock Exchange (BSE), a competitor of NSE, became the inaugural listed stock exchange in India in 2017.
