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The National Stock Exchange(NSE), India’s largest stock exchange, recently announced results for the quarter ending March 2025 with a consolidated net profit of Rs 11,605 crore, which is 38% up from Rs 8,406 crore reported in the same period last year.
In a May 6, 2025, meeting, the board of directors recommended a final dividend of Rs 35 per equity share for FY 25. This includes a special dividend payout of Rs 11.46 per equity share. This development can cause a significant jump in the coming days for nse stock price .
This distribution of profits came after NSE’s outstanding quarterly and annual results. Let’s check NSE’s quarterly and annual results for FY 24 and 25, along with the price journey comparison with its competitors like BSE.
NSE Q4 FY 25 Analysis
NSE reported a 9% decline in total revenue from Rs 5,080 cr. in Q4 FY24 to Rs 4,397 cr. in Q4 FY25. EBITDA also reduced by 8% from Rs 3,036 cr. in Q4 24 to Rs 2,799 cr. The exchange reported a sharp decline of 31% in quarterly profits, signifying a muted trading activity with the uncertainties in the share market.
(I) FY 24 vs FY 25 Performance analysis.
Revenue Growth: In FY 24, NSE reported a consolidated revenue of Rs. 16,434 cr., which grew to Rs Rs.19,177 cr. in FY 25, i.e. a 17% increase.
EBITDA: Annual EBITDA grew by 28% from Rs 9,870 cr. to Rs 12,647 cr. in FY25, reflecting a significant increase in NSE’s profitability.
Profit After Tax: PAT increased by 47% year-on-year from 8,306 cr. in FY 24 to Rs 12,188 cr. in FY 25.
Earning Per Share: The Consolidated EPS saw a 46.7% growth from Rs 33.56 per share in FY 24 to Rs 49.24 per share in FY 25.
Consolidated P&L Figures | FY25 | FY24 |
Revenue from Operations | 17,140 | 14,780 |
Employee Benefit Expenses | 672 | 460 |
Other Expenses | 4133 | 2,709 |
Operating EBITDA | 12,647 | 9,870 |
Operating EBITDA Margin % | 74% | 67% |
Other Income | 2,036 | 1,654 |
Depreciation and Amortisation | 547 | 440 |
Profit Before Tax (PBT) | 14,265 | 11,184 |
Tax | 3,869 | 2,778 |
Profit After Tax (PAT) | 11,605 | 8,406 |
EPS | 169.83 | 33.56 |
(II) Share Price Movement in the last 1 year.
The NSE unlisted share has skyrocketed in its share price in the last year. On June 24, the NSE Share price was floating around Rs 1,240 per share, which increased to Rs 1,900 by Dec 24. On March 25, the price touched 1850, and currently the share price is trading at Rs 1640 per share. This is a whopping 26% increase in a single year.
Source: stockify
(III) ROI comparison with BSE
Source: Google
The BSE share price has surged significantly in the last year. It grew from Rs 2807 per share on 7th May 2024 to Rs 6,627 per share on 7th May 2025. This upsurge was due to the introduction of Future and Options (F&O), which impacted BSE’s income significantly. This led to a positive market sentiment, led by more revenue and profit growth.
The initial clearing costs were high, but we can expect scalability and economies of scale. This will reduce the expenses over time and increase the profit margins.
(IV) NSE’s operating cash flow has turned negative.
In FY24, NSE's operating cash flow reduced to Rs. 4091 crores in FY25, compared to Rs. 29,744.30 crores in FY24.
Cash outflow from investing activity has decreased from Rs 8,336 crore to Rs 5,557 crore in FY23 and FY24, respectively. The financing activity cash flow has also increased from Rs 3,993 crore to Rs 4,599 crore in both years.
Cash Flow | (In Rs Crores) | |
FY 25 | FY 24 | |
Net Cash Inflow from Operating Activities | 4,091 .49 | 29,744.30 |
Net cash outflow from investing activities | (5,557.69) | (8,336.31) |
Net cash outflow from financing activities | (4,599.75) | (3,993.69) |
Net Cash Flow | (6,065.95) | 17,414.30 |
(V) How to buy NSE unlisted shares?
One of the most actively traded stocks in the unlisted share market. After declaring a Rs 35 per share dividend, the NSE Share price can further increase in the coming months. You can buy NSE through Stockify. We are one of India’s most trusted trading platforms for unlisted shares. With 1000+ satisfied clients, we ensure our users get the right information at the right time, reducing barriers to trading in unlisted shares and helping them gain from their investments.
Connect with our expert team to know more.
Read More: NSE India Unlisted Shares
