“The exchange has again sought a ‘no objection’ from India’s markets regulator for an initial public offering,” the report said, citing sources who asked not to be identified.
Earlier this month, India’s largest stock exchange reported that its June quarter consolidated profit rose 39% year-on-year (YOY) to Rs 2,567 crore. Revenue from operations soared 51% year-on-year to Rs 4,510 crore.
In terms of trading volumes, cash markets recorded an average daily traded volume (ADTV) of Rs 1,22,872 crore, up 110 per cent YoY, while equity futures clocked an ADTV of Rs 2,09,279 crore, up 101 per cent YoY. Equity options ADTV (premium value) rose 33 per cent YoY to Rs 71,957 crore.
Apart from trading revenue, revenue from operations was also supported by other revenue lines, which mainly include data centre and connectivity charges, clearing services, listing services, index services and data services, NSE said. Net profit margins for the first quarter of FY25 stood at 52%. During the quarter, the exchange made a provision for an additional contribution of Rs 587 crore to increase the corpus of Basic Settlement Guarantee Fund from the current level to Rs 10,500 crore as recommended by Sebi. The corpus of Basic SGF after the above contribution will be Rs 9,726 crore, it said. At the operating EBITDA level, NSE, on a standalone basis, posted an EBITDA margin of 59% for the first quarter of FY25 as compared to 69% in the corresponding quarter last year. In the first quarter, the exchange earned Rs 3,623 crore in transaction fees, up 44% year-on-year.
NSE said it contributed Rs 14,003 crore to the exchequer for the first quarter of FY25, of which STT/CTT comprised Rs 12,054 crore, income tax of Rs 236 crore, stamp duty of Rs 1,018 crore, GST of Rs 362 crore and SEBI charges of Rs 333 crore. Of the STT of Rs 12,054 crore, 63% is from the spot market segment and 37% is from the equity derivatives segment.
NSE stock has been in the spotlight in the unlisted market in the past few days as markets regulator Sebi is trying to curb the growing retail frenzy in the F&O market. The exchange is yet to get regulatory approval to launch its own IPO but is one of the most sought-after stocks in the unlisted market given its dominance in the equity derivatives segment.
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