NSE Profits Surge 8% Backed by Rising Transaction Volumes
The National Stock Exchange (NSE) reported an 8% increase in profit after tax for the March quarter, totaling Rs 2,871 crore, fueled by rising transaction volumes. Total income saw a 22% boost, while expenditure rose due to year-end provisions. A decline in annual profit was noted, despite strong quarterly figures.
The National Stock Exchange (NSE) has announced an 8% rise in its consolidated profit after tax, reaching Rs 2,871 crore for the March quarter. This growth is credited to increased transaction volumes across various segments. A year ago, the exchange reported a profit of Rs 2,650 crore for the same quarter.
The exchange witnessed a significant 22% rise in total income, escalating to Rs 5,360 crore, a notable increase compared to Rs 4,397 crore in the preceding year. This reflects a robust expansion in trading activities, especially within the equity derivatives domain.
Despite the quarterly growth, NSE's annual profit saw a 15% reduction to Rs 10,302 crore. Even so, revenue from transaction charges saw a notable 39% surge year-on-year for the March quarter. The NSE board proposed a final dividend of Rs 35 per share for the fiscal year, pending shareholder approval.
(With inputs from agencies.)
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