20 Apr, 2023, News
Author: Delisted Stocks Team
20 Apr, 2023, News
Author: Delisted Stocks Team
The National Stock Exchange (NSE) has reported impressive financial results for the fiscal year 2022-23, with a significant surge in revenue and profitability. The exchange's revenue has increased from 8873 Cr in FY22 to 12765 Cr in FY23, driven by a substantial increase in Futures and Options volumes.
However, expenses have also seen a rise, indicating potential expansion initiatives and technology upgrades, increasing from 2008 Cr in FY22 to 2608 Cr in FY23. The exchange's Profit After Tax (PAT) has shown a positive trend, increasing from 5198 Cr in FY22 to 7355 Cr in FY23, while the Earnings Per Share (EPS) has increased from 102 in FY22 to 148 in FY23.
To reward its shareholders, NSE has announced a dividend of 80 per share for FY23, almost double the 42 per share announced in FY22. Additionally, NSE's unlisted shares are available at a P/E ratio of 22x at Rs.3300 per share, making it an attractive investment opportunity compared to BSE, which is available at a P/E of 35x.
The NSE team has attributed the impressive performance to its strategic initiatives and strong focus on customer satisfaction. The exchange has continued to provide seamless and efficient trading experiences for its clients, leveraging cutting-edge technology and expanding its product offerings.
While potential investors may find the NSE an attractive investment opportunity, it is essential to conduct thorough research and consider their risk tolerance before investing. The NSE's financial performance for FY23 highlights the exchange's commitment to its stakeholders and its position as a leading player in the Indian financial markets.