SEBI's Total Income Surges 48% to ₹2,075 Crore in 2023-24

The Securities and Exchange Board of India (SEBI) reported a significant 48% increase in total income, reaching ₹2,075 crore in the financial year 2023-24. This surge was primarily fueled by higher earnings from fees and subscriptions.

Breakdown of SEBI's Revenue Growth

According to SEBI's annual statement of accounts for 2023-24, the majority of its income came from fees and subscriptions, which totaled ₹1,851.5 crore. This marks a substantial rise from ₹1,213.22 crore in the previous fiscal year.

Additional revenue sources also experienced growth:

• Income from investments: Increased to ₹192.41 crore from ₹161.42 crore.
• Other income: Rose to nearly ₹18 crore from close to ₹15 crore.

Major Contributors to SEBI’s Revenue

SEBI's income structure primarily comprises:

• Annual fees and subscriptions.
• Listing fees from stock exchanges.
• Registration, renewal, and application fees from companies and market infrastructure institutions.

With this diversified revenue stream, SEBI’s financial strength continues to grow.

Expenditure and Financial Reserves

While total income increased, SEBI’s expenditure also saw a rise, reaching ₹1,006 crore in 2023-24, up from ₹851.33 crore in the previous fiscal year.

• Establishment expenses: Grew to ₹696.43 crore from ₹576 crore.
• Administrative expenses: Increased to ₹218 crore from ₹172.42 crore.

Despite higher expenditures, SEBI maintained a strong financial position with a closing general fund balance of ₹5,573 crore. This includes a surplus income transfer of ₹1,065 crore from the Income and Expenditure Account for the year.

Investor Protection & Earmarked Funds

SEBI also manages significant earmarked funds, including:

• Investor Protection & Education Fund (IPEF): Closing balance of ₹533.17 crore, with ₹27.66 crore earned from investments.
• Disgorgement Fund: Maintained at ₹7.38 crore for FY24.

Investment Portfolio

SEBI actively invests its funds in secure financial instruments, with total investments amounting to ₹2,521.23 crore:

• Bonds and government securities: ₹1,255.31 crore.
• Deposits with scheduled banks: ₹1,235.92 crore.
• Subscription towards NCFE: ₹30 crore.

Additionally, ₹482 crore from earmarked funds is invested as bank deposits.

With this robust financial performance, SEBI continues to strengthen its regulatory framework and financial stability, ensuring a well-regulated capital market in India.

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Categories: financial performance, SEBI income 2023-24, Stock Market News