NSE Q1 profit up 39% to Rs 2,567 crore; BSE 3.6x to Rs 265 crore

Doubling of trading turnover boosts revenues, profits for both bourses

Both the equity bourses of the country reported a healthy jump in their net profit during the first quarter of financial year 2025, amid continued buoyancy in the market which led to doubling of trading turnover.

Top bourse National Stock Exchange (NSE) reported 39 per cent year-on-year (Y-o-Y) growth in consolidated profit to Rs 2,567 crore, led by a 51 per cent surge in revenues from operations to Rs 4,510 crore in Q1FY25.

The exchange’s incomes from transaction charges rose by 44 per cent Y-o-Y to Rs 3,623 crore. NSE’s cash markets recorded average daily turnover (ADTV) of Rs 1.23 trillion, up 2.1 times Y-o-Y. Meanwhile, the equity futures reached an ADTV of Rs 2.1 trillion, up 2x and equity options (premium value) ADTVs stood at Rs 71,957 crore, up 33 per cent Y-o-Y.

Meanwhile, BSE’s consolidated net profit jumped 3.6x Y-o-Y to Rs 265 crore thanks to 2.8 times jump in its revenues from operations at Rs 608 crore. BSE’s average daily turnover (ADTV) in the equity cash segment during Q1FY25 stood at Rs 9,006 crore, up from Rs 4,025 crore in the corresponding quarter of previous fiscal. 

BSE’s income from transaction charges has also almost doubled on a Y-o-Y basis as it revised its transaction charges upwards for Sensex and Bankex options in May. BSE’s earnings last quarter were impacted due to higher regulatory fee outgo to the market regulator Sebi following a change in computing formula. BSE said that it has presented its position to Sebi to reconsider the change. However, the exchange has made a provision of Rs 170 crore for the previous financial year for the same.

NSE said that it contributed Rs 14,003 crore to the exchequer in Q1FY25 of which securities and commodities transaction tax (STT and CTT) comprised Rs 12,054 crore. While the exchange has obtained shareholder approval for bonus issuance, Sebi’s nod is still awaited, it said.