Key Highlights
- Total income increased to ₹250.6 crore in Q2 FY26, up 18.9 percent YoY.
- Standalone PAT rose 18.3 percent YoY to ₹120.4 crore.
- Consolidated income reached ₹432.2 crore with ₹110.3 crore PAT.
- Demat account base grew to 4.19 crore with 13.92 lakh additions in Q2.
- Demat market share increased to 17.6 percent.
- Unlisted market share reached 73 percent equity with 11,552 admitted companies.
- Custody value market share stood at 86.3 percent.
- 299 depository participants and 55,738 service centres active nationwide.
- Dividend of ₹18.3 crore received from NDML during the quarter.
- Standalone net worth reached ₹1,970.9 crore and consolidated net worth ₹2,166.6 crore.
National Securities Depository Limited (NSDL) reported strong financial and operational performance for the quarter ended September 30, 2025. The company delivered robust growth in income, profitability, market share, and demat account expansion, reinforcing its leadership position in India’s depository ecosystem.
Financial Performance
NSDL’s standalone total income increased to ₹250.6 crore, a rise of 18.9% YoY compared to ₹210.8 crore in the same quarter last year. Standalone profit after tax stood at ₹120.4 crore, marking 18.3% YoY growth.
On a consolidated basis, the company posted ₹432.2 crore in income, up 12.2% YoY, while consolidated PAT improved 14.7% YoY to ₹110.3 crore.
Quarter-on-Quarter Growth
- Standalone income rose 31.6% from ₹190.4 crore in Q1 FY26.
- Standalone PAT increased 45.7% from ₹82.6 crore.
- Consolidated income grew 24.6% from ₹346.8 crore.
- Consolidated PAT rose 23.0% from ₹89.7 crore.
Operational Highlights
NSDL’s demat account base expanded to 4.19 crore, supported by 13.92 lakh new accounts added during the quarter. The company’s demat market share also increased to 17.6%, reflecting continued user adoption.
The unlisted securities market remained a strong segment for NSDL, with 11,552 companies admitted, bringing its equity market share to 73%, compared with 71.1% in Q2 FY25.
The company maintained leadership in demat custody value with an 86.3% market share.
The nationwide network expanded to 299 Depository Participants and 55,738 service centres, improving accessibility and service coverage.
NSDL also received a ₹18.3 crore dividend from its subsidiary NSDL Database Management Limited (NDML).
Subsidiary Update
NSDL Payments Bank Limited (NPBL) achieved a key milestone during the year by being included in the Second Schedule of the RBI Act, obtaining the status of a Scheduled Payments Bank in July 2025. This regulatory recognition enhances its operational capability within the digital payments ecosystem.