National Stock Exchange (NSE), India’s leading stock exchange,  recorded a 31% increase in consolidated net profit at Rs 2,067 crore For the three months ending in March. In contrast, the exchange reported a net profit of Rs 1,580 crore during the same time last year, according to a statement from NSE.

For the fourth quarter of the previous fiscal, the combined income from operations was Rs 3,453 crore, up 31% from the corresponding time in 2013. The exchange stated that in addition to trading, other income lines such as listing, index services, data services, and co-location facility supported the total revenue. NSE board has also  recommended an FY23 dividend of Rs 80 per share. The shareholders would need to approve the final dividend.

NSE made a contribution of Rs 203.45 crore to the Core Settlement Guarantee Fund (CSGF) during the quarter under review. The Core SGF's goal is to make sure that, in the event that a clearing member does not fulfil the settlement duties, there will always be enough money easily and unconditionally available to fulfil a clearing corporation's settlement responsibilities.

"The total Core Settlement Guarantee Fund stands at Rs 5,284 crore," the bourse said. For 2022-23, the bourse's net profit increased to Rs 7,356 crore from Rs 5,198 crore in the year-ago period. Further, income from operations rose to Rs 11,856 crore in FY23 compared to Rs 8,313 crore in FY22. In 2022-23, NSE said it contributed Rs 28,989 crore to the exchequer of which STT (Securities Transaction Tax) comprised Rs 21,965 crore, Stamp Duty was Rs 1,987 crore, GST was Rs 1,655 crore, Income Tax was Rs 2,687 crore and markets regulator Sebi fee was Rs 695 crore. In the last five years, cumulative contribution from NSE to national exchequer and Sebi works out to be Rs 98,268 crore, the exchange said. The exchange said that in Jan-Mar, it contributed 2.03 bln rupees to the core settlement guarantee fund maintained by NSE Clearing. "The total Core Settlement Guarantee Fund stands at Rs 5,284 crore (52.84 bln rupees)," it said.

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