NSE Q4FY25 profit drops 31% QoQ to ₹2,650 cr; FY25 net surges 47% to record ₹12,188 cr
National Stock Exchange of India (NSE) reported a consolidated net profit of ₹2,650 crore for the quarter ended March 31, 2025 (Q4FY25), marking a sharp 31% decline from ₹3,834 crore in the preceding quarter. Earnings per share stood at ₹10.71, down from ₹15.49 in Q3FY25.
The drop in profit was attributed to reduced trading volumes across both the cash and derivatives segments. Consolidated revenue from transaction charges fell 15% sequentially to ₹2,939 crore.
On a consolidated basis, total income stood at ₹4,397 crore in Q4FY25, lower than ₹4,807 crore in Q3 and ₹5,080 crore in the same quarter last year. Total expenditure rose 4% QoQ to ₹1,124 crore.
Operating EBITDA declined 18% QoQ to ₹2,799 crore. Excluding gains from stake sales in subsidiaries and associates, the normalised consolidated profit before tax dropped 12% QoQ to ₹3,299 crore.
FY25 sees robust growth
For the full financial year ended March 31, 2025, NSE reported a 47% YoY increase in consolidated net profit at ₹12,188 crore. Consolidated total income rose 17% YoY to ₹19,177 crore, while operating EBITDA jumped 28% YoY to ₹12,647 crore.
Normalised consolidated profit before tax for FY25 (excluding one-offs) rose 17% YoY to ₹14,895 crore. Earnings per share for FY25 increased to ₹49.24 from ₹33.56 in FY24, factoring in the issuance of bonus shares.
Standalone performance and trading metrics
On a standalone basis, NSE posted a net profit of ₹4,040 crore in Q4FY25, a surge from ₹2,291 crore in Q3. However, this included dividend income from subsidiaries. Excluding this, the normalised standalone profit before tax declined 8% QoQ to ₹2,810 crore.
The standalone total income in Q4 rose to ₹5,860 crore from ₹4,289 crore in Q3FY25. Revenue from operations declined 14% sequentially to ₹3,395 crore.
The average daily traded volumes (ADTV) in the cash segment stood at ₹95,488 crore (down 8% QoQ). Equity futures ADTV fell 6% QoQ to ₹1,60,709 crore, and equity options (premium value) dropped 17% to ₹50,935 crore.
For FY25, standalone net profit grew 69% YoY to ₹11,246 crore. Operating revenue stood at ₹15,433 crore, and operating EBITDA rose 33% YoY to ₹10,243 crore.
Dividend and contribution to exchequer
NSE’s board has recommended a final dividend of ₹35 per equity share (₹1 face value) for FY25, which includes a special one-time dividend of ₹11.46, subject to shareholder approval.
The exchange contributed ₹59,798 crore to the exchequer during FY25, including ₹48,439 crore from STT/CTT collections, ₹3,772 crore in stamp duty, ₹1,804 crore in SEBI fees, ₹3,831 crore in income tax, and ₹1,952 crore in GST. Of the total STT/CTT, 58% came from the cash segment and 42% from equity derivatives.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
