NSE Q4 Profit Surges 47% to ₹12,188 Crore, Announces ₹35 Dividend

The National Stock Exchange (NSE), India’s largest bourse, has posted a strong financial performance for the fiscal year ending March 31, 2025. Despite a sequential decline in earnings during the final quarter, the exchange reported significant year-on-year (YoY) growth in both consolidated and standalone net profit. The board has also recommended a substantial final dividend, including a one-time special payout, further reflecting the exchange’s solid financial health.

Full-Year Growth Bolstered by Income and EBITDA Expansion

The NSE on Tuesday (May 6) reported a 47% YoY increase in consolidated net profit at ₹12,188 crore for FY25. Consolidated total income rose 17% YoY to ₹19,177 crore, while consolidated operating EBITDA grew 28% to ₹12,647 crore.

On a standalone basis, net profit surged 69% YoY to ₹11,246 crore, driven by a 33% rise in standalone total income to ₹19,823 crore. Standalone operating EBITDA also rose 33% to ₹10,243 crore compared to the previous year.

Reflecting this strong financial performance, the exchange’s board has recommended a final dividend of ₹35 per equity share (3,500%), which includes a special one-time payout of ₹11.46 per share. This recommendation is subject to shareholder approval.

Q4 Witnesses Profit Decline and Lower Trading Activity

Despite the strong annual showing, the fourth quarter of FY25 revealed a slowdown. Q4FY25 net profit fell 31% quarter-on-quarter (QoQ) to ₹2,650 crore, down from ₹3,834 crore in Q3FY25. Consolidated revenue from transaction charges declined 15% QoQ to ₹2,939 crore, reflecting reduced trading volumes across both the cash and derivatives segments.

Operating EBITDA dropped 18% sequentially to ₹2,799 crore. Earnings per share for Q4 stood at ₹10.71, compared to ₹15.49 in the preceding quarter.

Average daily traded value (ADTV) in the cash segment fell 8% QoQ to ₹95,488 crore, while equity futures and options ADTVs declined 6% and 17%, respectively, over Q3FY25.

The NSE’s fiscal contribution to the government remained substantial. For FY25, it contributed ₹59,798 crore to the exchequer through STT/CTT, stamp duty, SEBI fees, income tax, and GST. Of this, STT/CTT accounted for ₹48,439 crore, with 58% originating from the cash segment and 42% from derivatives.

Read More: NSE IPO: Regulatory Hurdles and Ongoing Discussions with SEBI

Conclusion

NSE’s FY25 performance underscores its resilience and strong operational fundamentals, with impressive annual growth in profits and income. While the fourth quarter posed challenges due to reduced market activity, the overall outlook remains positive, supported by healthy earnings, high tax contributions, and shareholder-focused returns.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.