NSE's Q3 profit down 37% YoY ahead of IPO
Business
NSE's net profit for the third quarter dropped 37% year-on-year to ₹2,408 crore, down from a year earlier.
This comes right after SEBI gave the green light for NSE's much-awaited IPO.
Total income fell 9% to ₹4,395 crore
Total income fell 9% to ₹4,395 crore and operating EBITDA slipped by 16% to ₹2,851 crore (margin at 73%).
Transaction charges were down 12%, but actually rose compared to last quarter thanks to higher trading volumes.
On the bright side, revenue from data and terminal services jumped 17%, and listing services grew by 11%.