NSE reports a 41% increase in profits for Q4 and FY23, with revenues surpassing Rs 10,000 crore mark and announces a dividend of Rs 80 per share (8000%). Find out more about India's most popular exchange.


India’s newest and most popular exchange NSE has published its results for the quarter and year ended in March 2023 where the company reported a 41% growth in profits.

For the quarter ended March 2023, the revenues came in at Rs 3,453 crores, up 31% YoY while other incomes doubled during the quarter. Compared to the revenues the expenses came in at Rs 793.42 crores, resulting in a profit before exceptional items of almost Rs 3,000 crores. PAT for the quarter was Rs 2,067 crores, up 31% YoY.

For the entire year ended in March 2023, the company’s revenues surpassed the Rs 10,000 crore mark as revenues from operations stood at Rs 11,856 crores, up 43% every year. Trading services continued to be the company’s highest earner, as it accounted for 94% of total revenues, growing 44% during the year.

Other segments like Clearing and Strategic Investments showed robust growth during the year. 98% of Total revenues were derived from Indian sources, while the balance was from sources outside India. Expenses did not surge as much as revenues, but the exchange had a major expense during the year.

It transferred Rs 687.47 crores to SEBI for the Colocation and Dark Fibre matter, resulting in total expenses reaching Rs 2,609 crores, up 29.2% YoY. The profit of the exchange grew to Rs 7,356 crores, up 41% YoY, as it contributed Rs 203.45 crores to the Core Settlement Guarantee Fund. The total corpus in the fund stood at Rs 5,284 crores at the end of FY23.

The Board of the exchange has announced a dividend of Rs 80 per share (or 8000%) for its shareholders. LIC is the largest shareholder in NSE, holding a little more than 10% of the company. The Public, which includes Insurance companies, banks, venture capital funds, NBFCs, foreign funds, and others, holds 55% of the exchange. And the balance is held by trading members and their associates.

The NSE’s IPO plan has been on hold for a while now. A month ago, reports stated that SEBI would not approve the plan until the exchange’s pending legal and regulatory cases were resolved.

- Aman Agarwal

Also read, Amazon Layoffs in India, know who got affected!

 

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