NSE Q4: Net profit Zooms 19% YoY, Rs 80 Per Share Dividend Announced

National Stock Exchange of India (NSE) announced a jump of 19% year-on-year (YoY) in its standalone net profit for the March quarter to Rs 1810 crore as against Rs 1518 crore declared in the corresponding quarter last year. The board of NSE recommended a hefty dividend of Rs 80 per share for the financial year 2023 that will be amounting to a payout of Rs 3960 crore.

NSE declared a robust 32% YoY surge in the operating income to Rs 3,295 crore for Q4. NSE declared its total operating income, for the year ended March, at Rs 11,181 crore, up 44% from the year ago period.

The board of NSE declared a dividend of Rs 80 per share for the year ending FY23. The final dividend shall be subject to the approval of shareholders at the upcoming AGM.

At the operating level, NSE witnessed its margin declining to 69% for the March quarter, from 73% in the corresponding quarter last year. Meanwhile, NSE announced a jump of 31% YoY in its consolidated net profit to Rs 2067 crore for the March quarter. Consolidated income from operations declared at Rs 3453 crore for the quarter showing a jump of 31% YoY.

The consolidated net profit reported at Rs 7,356 crore for FY23 as against Rs 5,198 crore declared in FY22. Income from operations declared at Rs 11,856 crore as against Rs 8,313 crore announced in the corresponding period of the last year.

At the operating EBITDA level, NSE posted a margin of 69 per cent for Q4FY23 on a standalone basis compared to 73 per cent in the corresponding quarter last year, said the stock exchange company in the statement.

During the current financial year, NSE contributed Rs 28,989 crore to the exchequer of which STT comprised of Rs 21,965 crore, Stamp duty Rs 1,987 crore, GST Rs 1,655 crore, income tax Rs 2,687 crore and SEBI fees Rs 695 crore. In the last 5 years, cumulative contribution from NSE to national exchequer and SEBI works out to Rs 98, 268 crore, as per reports.