NSE Clocks 57 Pc Surge In Net Profit At Rs 3,137 Crore In Q2 FY25

by Pabitra Mohan Senapaty

NEWS HIGHLIGHTS

The National Stock Exchange (NSE) on Monday reported net profit of Rs 3,137 crore on a consolidated basis for the July-September period (Q2 FY25), up by 57 per cent (year-on-year). The net profit margin for Q2 stood at 62 per cent.

Mumbai, Nov 4: The National Stock Exchange (NSE) on Monday reported net profit of Rs 3,137 crore on a consolidated basis for the July-September period (Q2 FY25), up by 57 per cent (year-on-year). The net profit margin for Q2 stood at 62 per cent.

The leading exchange clocked consolidated total income of Rs 5,023 crores for Q2 FY25, up by 25 per cent (year-on-year).

NSE reported standalone net profit of Rs 2,954 crore for Q2 FY25 which was Rs 1,804 crores for the corresponding quarter last year. The net standalone profit margin stood at 56 per cent.

On a consolidated basis, earnings per share (non-annualised) increased to Rs 12.68 in Q2 from Rs 8.08 in Q2 FY24, after considering the issuance of bonus equity shares in the ratio of 4:1.

For the April-September period (HI FY25), NSE reported total income of Rs 9,974 crores with net profit of Rs 5,704 crores.

Earnings per share (non-annualised) in H1 FY25 increased to Rs 23.05 from Rs 15.52 in H1 FY24, after considering the issuance of bonus equity shares in the ratio of 4:1.

The exchange said it contributed Rs 30,130 crore to the exchequer in H1 FY25 which comprised STT/CTT of Rs 24,755 crore, stamp duty of Rs 2,099 crore, SEBI fees of Rs 1,333 crore, income tax of Rs 1,119 crore and GST of Rs 824 crore.

Out of the STT/CTT of Rs 24,755 crore, 64 per cent is from the cash market segment and 36 per cent is from the equity derivatives segment.

Apart from trading revenue, the revenue from operations was also supported by other revenue lines which mainly includes clearing services, data centre and connectivity charges, listing services, index services and data services, said the exchange in a statement.

On the trading volumes front, cash markets recorded an average daily traded volumes (ADTVs) of Rs 1,29,194 crore (up by 66 per cent YoY) while the equity futures reached an ADTV of Rs 2,01,547 crore (up by 64 per cent YoY) and equity options (premium value) ADTVs stood at Rs 65,648 crore (up by 8 per cent YoY) for Q2 FY25.

--IANS

Chess Grand Masters 2024: Top-Ranked Indian Arjun Erigaisi To Face Vidit Gujarathi In Opening Round

by Pabitra Mohan Senapaty

Chennai, Nov 5: World No four Indian chess grandmaster Arjun Erigaisi, playing for the first time in India after crossing the historic 2800 ELO ranking mark, will open his Chennai Grand Masters campaign against compatriot Vidit Gujarathi in the opening round on Tuesday at the Anna Centenary Library.

The eight-player strong classical event will see Aravindh Chithambaram take on Iranian, Amin Tabatabaei, Vachier-Lagrave Maxime will face Maghsoodloo Parham and American Grandmaster, Levon Aronian will dual with Alexey Sarana in the opening round.

The draw for seven round all-play-all event, the strongest classical event in India, was made at a special ceremony on Monday. The second edition of the competition will also feature a Challengers event featuring female players for the first time.

Speaking on the occasion, Dr. Atulya Misra, Additional Chief Secretary, Youth Welfare and Sports Development, said, “Chennai has become the city of Grand Masters, we started with Chess Olympiad to Chennai Grand Masters last year we are now back with a grandeur Chennai Grand Masters this year. With Chief Minister and Deputy Chief Minster’s support who are very passionate about promoting Chess, as well to make Chennai the sporting state, we are able to achieve these and make TN the best sporting state.”

In the Challenger category, Vaishali will take on Mendonca Leon Luke while Harika will play Pranav V. In the other two matches, Raunak Sadhwani will face off against Karthikeyan Murali and Pranesh M will play Abhimanyu Puranik

“When we first got approached with the idea, a week before the event, our Deputy Chief Minister and Atulya Misra, Additional Chief secretary were keen on doing the event every year from now on, cause it will be a game changer for a lot of talents like how the tournament helped Gukesh last year,” said Thiru. J. Meghanatha Reddy, Member Secretary, Sports Development Authority of Tamil Nadu.

The Challengers event, which is introduced for this year, will give Indian prodigies the chance to compete in top-level tournaments. The event will also feature two women–a first for Chennai Chess Grand Masters–Harika Dronavalli and Vaishali Rameshbabu, sister of R Praggnanandhaa. The Challengers participants, will fight for a prize pool of 20 Lac, with the winner claiming 6 Lac and a direct berth in the Masters next year.

Gukesh had won the inaugural edition last year but will miss this year’s competition as he is preparing for the world championships title against Ding Liren of China.

--IANS

Motorcycle, Car Collide Head-On In Bhadrak 1 Dead

by Pabitra Mohan Senapaty

Bhadrak, Nov 5: In a tragic mishap, a person was killed when a motorcycle and a car collided head-on on National Highway 57 early on Tuesday morning.

The fatal accident occurred near Kamarda police station in the Bhograi area of the district.

According to the information, the motorcycle and the car were at high speed when they dashed. The deceased biker was identified as Avanti Kumar, a resident of Kasida village in West Bengal.

The Kamarda police have reached the spot and started an investigation.

NSE Clocks 57 Pc Surge In Net Profit At Rs 3,137 Crore In Q2 FY25

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