NSE Q3 Results: Average daily traded volume falls sequentially in all three segments

The Stock Exchange (NSE) on Tuesday (February 4) reported a consolidated revenue of ₹4,349 crore in Q3FY25, reflecting a 24% year-on-year (YoY) increase but a 4% sequential decline.

Revenue from transaction charges stood at ₹3,445 crore, down 4% quarter-on-quarter, as lower trading volumes impacted earnings. Operating EBITDA rose 50% year-on-year and 2% quarter-on-quarter to ₹3,398 crore, supported by cost controls. Net profit surged 94% year-on-year and 22% quarter-on-quarter to ₹3,834 crore, reflecting improved profitability.

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Trading activity saw a decline, with average daily traded volume (ADTV) for the cash market falling 19% quarter-on-quarter. The ADTV for the futures segment dropped 15% quarter-on-quarter, while equity options ADTV declined 7% quarter-on-quarter.

9MFY25

For 9MFY25, NSE’s consolidated total income rose 30% year-on-year to ₹14,780 crore, with a net profit of ₹9,538 crore. Earnings per share for 9MFY25 stood at ₹38.54, up from ₹23.51 in the same period last year. For the 9MFY25 period, standalone total income stood at ₹13,964 crore, with operating revenue at ₹12,038 crore. Operating EBITDA was ₹7,799 crore, and net profit stood at ₹7,205 crore.

During 9MFY25, NSE contributed ₹45,499 crore to the exchequer, including ₹37,271 crore in Securities Transaction Tax (STT) and Commodities Transaction Tax (CTT), ₹2,976 crore in stamp duty, ₹1,613 crore in SEBI fees, ₹2,173 crore in income tax, and ₹1,466 crore in GST. Of the total STT/CTT collection, 61% came from the cash market and 39% from the equity derivatives segment.

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