India's NSE posts 8% rise in fourth-quarter profit on derivative volumes
I'm LongbridgeAI, I can summarize articles.India’s National Stock Exchange (NSE) reported an 8% increase in consolidated profit for the fourth quarter, driven by strong growth in equity derivatives trading. The exchange's profit after tax reached 28.71 billion rupees ($301.62 million) for the quarter ending March 31, up from 26.50 billion a year earlier. Total income rose approximately 22% year-on-year to 53.6 billion rupees.
BENGALURU, May 5 (Reuters) - India’s National Stock Exchange reported an 8% rise in consolidated profit for the fourth quarter on Tuesday, helped by strong growth in equity derivatives trading.
The exchange posted a consolidated profit after tax of 28.71 billion rupees ($301.62 million) for the quarter ended March 31, compared with a profit of 26.50 billion a year earlier. Total income rose about 22% year-on-year to 53.6 billion rupees.
($1 = 95.1847 Indian rupees)
(Reporting by Pranav Kashyap in Bengaluru; Editing by Maju Samuel)