National Stock Exchange of India (NSE) financial results for Q3 FY23

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The National Stock Exchange of India (NSE) financial results for Q3 FY23

National Stock Exchange of India Limited

Created at 15 Feb 2023 22:28

The National Stock Exchange of India (NSE) has announced its financial results for the third quarter of FY23.

The financial performance of the company shows a mixed picture, with both growth and decline in various segments. Shares of NSE are not listed yet However it use to trade in Indian Private Market. The current Share Price of NSE Unlisted shares is around Rs.3100 per share in the Unlisted market.

Starting with the top-line performance, NSE reported a decrease in its revenue for Q3FY23 to ₹3,262.92 Cr compared to ₹3,307.15 Cr in Q2FY23. The decrease in revenue was primarily due to a drop in trading services revenue which stood at ₹2616.82 Cr in Q3FY23 as compared to ₹2750.01 Cr in Q2FY23. However, the other income increased from ₹214.40 Cr in Q2FY23 to ₹271.40 Cr in Q3FY23, which cushioned the decline in the revenue.

The expenses of NSE increased in Q3FY23 by ₹133.27 Cr to ₹907.17 Cr from ₹773.90 Cr in Q2FY23. The major contributor to this increase was "other expenses," which rose to ₹610.23 Cr, and was a result of the collocation matter and dark fiber charges. The expenses for various segments were distributed as 21% for clearing and settlement, 19% for technology expenses, 16% for regulatory expenses, 8% for employee expenses, 10% for depreciation, and 4% for premises.

Despite the increase in expenses, NSE's profit after tax (PAT) improved in Q3FY23 to ₹1826.09 Cr as compared to ₹1773.94 Cr in Q2FY23. The increase in PAT was due to a reduction in the tax amount paid. The EPS (Earnings Per Share) also increased to ₹37.90 in Q3FY23 from ₹35.83 in Q2FY23.

In terms of the standalone net worth, NSE reported a significant improvement with its net worth standing at ₹14,863 Cr in Q3FY23 compared to ₹10,042 Cr in Q3FY22 and ₹11,458 in FY22.

In conclusion, despite the decline in revenue in Q3FY23, NSE has shown improvement in its PAT and net worth, which are key indicators of the company's financial health. The increase in other income and reduction in tax amount paid were the key contributors to the improved performance. NSE remains a market leader in the stock exchange segment in India, and its continued growth and improvement are positive indicators for the Indian capital markets.