National Securities Depository Limited (NSDL), a leading provider of depository services for both retail and institutional investors, reported a consolidated net profit of ₹90 crore for Q1 FY26, reflecting a 15% rise from ₹78 crore in the same quarter last year. Despite the profit growth, revenue from operations declined 7% year-on-year to ₹312 crore, down from ₹337 crore in Q1 FY25.
Operational performance remained strong, with EBITDA increasing 18% to ₹95 crore. The EBITDA margin also improved significantly, expanding by 660 basis points to 30.51% from 23.89%.
In terms of segment-wise revenue, NSDL earned ₹161 crore from its core depository services, ₹18 crore from database management, and ₹133 crore from banking services. Most of the profit—₹80 crore—came from depository operations, while database management and banking services contributed ₹3.55 crore and ₹1.73 crore, respectively.
NSDL recently raised ₹4,011 crore through an IPO, which was entirely an offer for sale by shareholders like NSE, SBI, HDFC Bank, and others. The IPO was well-received, subscribed 41.02 times, with strong demand across institutional and retail categories. NSDL shares closed at ₹1,288.80, up 61% from its issue price of ₹800.
