NSE Q3 Results: Profit Falls Sequentially, Even As Margin Expands
National Stock Exchange Ltd.'s third-quarter profit fell marginally even as margin improved 70 basis points over the previous quarter.
The company profit after taxes fell 1% sequentially to Rs 1,975 crore in the quarter ended December, according to an exchange filing on Saturday.
There was an exceptional gain from sale of investment of Rs 81 crore in Q3 impacting after-tax profits. The gain was the profit made from the divestment of 4.71% stake in in Protean eGov Technologies Ltd in which NSE Investment Ltd held 25.05%.
NSE Q3 FY24 Highlights (Consolidated, QoQ)
Revenue from operations down 23% to Rs 3,517 crore.
Ebdita down 3% at Rs 2,817 crore.
Ebidta margins at 80.1% vs 79.4%.
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AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
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Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
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Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
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The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
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Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
