Revenue from operations for the quarter fell 11% YoY to Rs 4,032 crore. Revenue from operations increased 7% sequentially, driven by a rise in transaction charges.
Operating EBITDA rose marginally by 1% YoY to Rs 3,130 crore. Sequentially, it grew 12%, with margins expanding to 78%, up from 74% in the previous quarter.
Total expenditure declined 6% QoQ to Rs 1,053 crore, aided by lower other expenses and regulatory fees.
On a standalone basis, NSE’s net profit stood at Rs 2,409 crore, down 40% QoQ, due to a high base last quarter that included exceptional dividend income.
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However, excluding such one-time items, normalized profit before tax on a standalone basis rose 13% QoQ to Rs 3,141 crore.During the quarter, NSE contributed Rs 14,331 crore to the exchequer in the form of taxes and regulatory fees, including Rs 12,338 crore as STT/CTT collections.In terms of market performance:
– Average Daily Traded Volumes (ADTV) in the cash market rose 14% QoQ to Rs 1.08 lakh crore
– Equity futures and options volumes increased 5% and 9%, respectively
The exchange maintained dominant market shares of over 94% across segments.
NSE continues to be the world’s largest derivatives exchange by trading volume and the second-largest equity exchange globally by number of trades.