KD NEWS SERVICE
MUMBAI, May 5: The National Stock Exchange of India (NSE) today unveiled a set of numbers that, at first glance, spoke of growth—but beneath them lay a deeper story about the transformation of India’s financial landscape and the millions of people now shaping it.
Over the final quarter of the financial year, the exchange recorded a total income of ₹5,360 crore, a sharp rise from the previous quarter’s ₹4,395 crore. Its profit climbed to ₹2,871 crore, up from ₹2,409 crore, reflecting a powerful surge in activity across the markets. These gains were not abstract—they were driven by a visible shift in how Indians are engaging with investing.
Across the country, more individuals are entering the markets, and those already participating are trading more actively.
This surge in participation translated into a major jump in transaction-based income, which reached ₹4,077 crore in the quarter, marking a 34% increase. The growth was broad-based, cutting across traditional share trading as well as the increasingly popular derivatives segment.
The scale of this activity becomes clearer when seen through daily trading numbers. In the cash market, the average daily trading value rose to ₹1,19,617 crore, while futures trading averaged ₹1,77,891 crore per day.
Options trading, which has become a major driver of volumes, surged to ₹76,375 crore daily, reflecting a sharp rise in both hedging and speculative activity. Together, these figures point to a market that is not only expanding but becoming more sophisticated.
Beyond trading, NSE’s technology-driven services continued to play a crucial role. The systems that connect brokers and investors generated ₹269 crore through connectivity services, while ₹128 crore came from data feeds and terminal services.
Even the exchange’s investments contributed meaningfully, adding ₹198 crore during the quarter. These streams highlight how NSE has evolved into a technology-led ecosystem rather than just a trading platform.
With growth came higher spending. Total expenses for the quarter rose to ₹1,486 crore, compared to ₹1,234 crore earlier. A significant portion of this increase was due to a year-end allocation of ₹223 crore toward social responsibility initiatives, reflecting the institution’s broader role beyond business.
At the same time, the exchange set aside ₹84 crore to address ongoing regulatory settlement matters, while pursuing a larger settlement of ₹1,491.21 crore, which remains under consideration.
Even after these commitments, NSE’s operational strength remained clear. Its operating profit reached ₹3,633 crore, and its underlying profit before tax—adjusted for one-time factors—stood at ₹3,990 crore, showing steady growth at its core.
Looking at the full year, the exchange reported total income of ₹18,713 crore and a profit of ₹10,302 crore, maintaining strong profitability despite slight moderation in income compared to the previous year.
On its core operations alone, the final quarter saw income rise to ₹4,811 crore, with profits of ₹2,503 crore and a profit margin of about 52%, reflecting efficiency and scale.
But the true story of NSE lies not just in earnings, but in its reach and impact.
By the end of the year, 2,979 companies were listed on the exchange, making it a central platform for businesses seeking capital. During the year, companies raised vast sums, including about ₹1.8 trillion through initial public offerings, while total fund mobilisation across instruments reached approximately ₹20.3 trillion.
Its reach now extends to nearly every corner of India, covering 99.9% of postal codes and serving around 13 crore unique investors, supported by roughly 25.7 crore registered accounts. What was once a market dominated by institutions and large cities has now become accessible to millions across towns and smaller regions.
At the same time, the exchange has invested heavily in building awareness and trust. During the year, it conducted 17,902 investor education programs, reaching around 9.4 lakh participants. It also maintains strong safeguards, including an investor protection fund of ₹2,872 crore and a settlement guarantee fund of about ₹13,079 crore, ensuring stability even during periods of market stress.
NSE’s influence is also expanding into newer areas. Its debt market platforms have seen growing activity, while in commodities, innovations such as electricity futures and smaller gold contracts have driven volumes higher, with total turnover reaching ₹11,098 crore during the year. Its mutual fund platform has also grown rapidly, with the number of transactions rising to 12.1 crore, reflecting changing investment habits.
On the global stage, the exchange continues to stand tall. It is now the largest derivatives exchange in the world by trading volume and ranks among the leading exchanges globally in terms of equity trading activity.
These achievements highlight not just size, but the reliability and speed of its systems.
Perhaps the most striking reflection of its importance is its contribution to the country’s finances. During the year, NSE contributed ₹59,186 crore to the exchequer, including ₹48,345 crore in transaction taxes, ₹4,480 crore in income tax, ₹3,411 crore in stamp duty, ₹1,942 crore in GST, and ₹1,008 crore in regulatory fees. Every trade executed on its platform feeds into this larger economic cycle.
For shareholders, the year ended with a strong reward. The board recommended a dividend of ₹35 per share, including a special one-time payout of ₹10, signaling confidence in the exchange’s financial strength and future outlook.
What emerges from all these numbers is not just the story of a successful quarter or even a profitable year. It is the story of an institution that has become deeply woven into India’s economic fabric—connecting millions of investors, enabling businesses to grow, supporting government revenues, and shaping the future of financial markets.
From pioneering electronic trading in 1994 to becoming a global powerhouse today, NSE’s journey mirrors India’s own rise. And as participation deepens and markets evolve, it continues to stand at the center—quietly driving a financial transformation that is still unfolding.