NSDL Q2 FY27 Results: Consolidated Income Rises 34.8% YoY to ₹582.6 Crore and Net Profit Increases 10.9% to ₹122.5 Crore

National Securities Depository Limited (NSDL) reported an 11.7% year-on-year (YoY) increase in standalone total income to ₹279.8 crore for the second quarter of the financial year 2026-27 (Q2 FY27), compared with ₹250.6 crore in the corresponding quarter of the previous financial year. Standalone net profit after tax (PAT) rose 5.2% YoY to ₹126.7 crore from ₹120.4 crore. On a consolidated basis, total income increased 34.8% YoY to ₹582.6 crore, while net profit after tax grew 10.9% to ₹122.5 crore. The company also reported growth in its consolidated financial performance for the first half of FY27, according to its financial results announcement dated October 31, 2026.

NSDL Q2 FY27 Financial Performance

NSDL recorded growth in both standalone and consolidated total income during the September 2026 quarter.

Standalone total income increased from ₹219.7 crore in Q1 FY27 to ₹279.8 crore in Q2 FY27, representing quarter-on-quarter (QoQ) growth of 27.4%. Standalone net profit after tax rose 42.1% QoQ to ₹126.7 crore from ₹89.1 crore in the preceding quarter.

On a consolidated basis, total income increased 3.9% QoQ to ₹582.6 crore from ₹560.5 crore in Q1 FY27. Consolidated net profit after tax rose 24.6% QoQ to ₹122.5 crore compared with ₹98.3 crore in the previous quarter.

The financial results cover the quarter ended September 30, 2026, and include unaudited standalone and consolidated figures.

NSDL H1 FY27 Results: Income Rises 46.7% on Consolidated Basis

For the first half of FY27, NSDL reported standalone total income of ₹499.5 crore, an increase of 13.3% compared with ₹441 crore in H1 FY26. Standalone net profit after tax increased 6.3% YoY to ₹215.8 crore from ₹203 crore.

Consolidated total income rose 46.7% YoY to ₹1,143.1 crore from ₹779 crore in the corresponding half of the previous financial year. Consolidated net profit after tax increased 10.4% to ₹220.8 crore compared with ₹200 crore in H1 FY26.

The half-year figures indicate stronger growth in consolidated income than in standalone income during the period.

NSDL Depository Business Updates

NSDL reported a total base of 4.72 crore beneficiary owner (BO) accounts as of September 30, 2026. During Q2 FY27, the company added 15.6 lakh net BO accounts, while gross additions stood at 17.8 lakh.

The company’s market share in net BO account additions stood at 17.2% in Q2 FY27, compared with 17.6% in Q2 FY26. For H1 FY27, the market share increased to 17.4% from 16.6% in the corresponding period last year.

NSDL had 320 Depository Participants as of September 30, 2026, supported by a network of 53,846 service centres. Its issuer base stood at approximately 1,18,679 issuers.

In the unlisted equity segment, NSDL reported a market share of 72.5% during Q2 FY27, with 3,197 companies admitted to its platform during the quarter.

The company also reported an 85.8% market share by total demat custody value as of September 30, 2026. The market share for individual investors and Hindu Undivided Families (HUFs) stood at 66.3%.

NSDL Introduces Digital Securities and Investor Services

During the quarter, NSDL launched Demat 2.0, a platform that uses distributed ledger technology to support tokenised securities and enable near-real-time settlement through integration with the Reserve Bank of India’s wholesale Central Bank Digital Currency (CBDC) infrastructure.

The company also established an application programming interface (API)-based interface with the National Stock Exchange (NSE) to automate Electronic Gold Receipt (EGR) creation. The initiative is intended to improve processing efficiency and support the digitisation of physical gold ownership.

Additionally, NSDL introduced API connectivity for Online Bond Platform Providers. The integration enables real-time account and holdings validation, along with electronic instruction submission, to simplify investor transactions in the bond market.

The company also enabled online submission of Form 121 through its corporate website to simplify compliance-related processes for issuers and other stakeholders.

NSDL Payments Bank Reports Growth in Retail Customers

NSDL Payments Bank, a subsidiary of NSDL, reported an increase in its retail customer base to 54.3 lakh in Q2 FY27, compared with 33.5 lakh in Q2 FY26. The customer base expanded approximately 1.6 times year-on-year.

Deposit balances increased approximately 1.4 times to ₹378.1 crore from ₹271.5 crore over the same period.

The bank’s RuPay National Common Mobility Card (NCMC) programme reached 1.3 crore Maharashtra State Road Transport Corporation (MSRTC) registrations in October 2026. Cumulative card loads exceeded ₹100 crore, supporting concessional bus travel in Maharashtra under the government mandate effective September 1, 2026.

NSDL Payments Bank also reported that it was among the top 34 banks in the UPI remitter bank category.

NSDL Database Management Business Updates

NSDL Database Management Limited (NDML) reported 2.06 crore Know Your Customer (KYC) records of registered intermediaries as of September 30, 2026.

The subsidiary processed 2.53 crore transactions with a total payment value of approximately ₹13,036 crore.

Its SEZ Online platform was integrated with the Reserve Bank of India on October 1, 2026, for API-based reporting of goods and services trade under the Foreign Exchange Management Regulations, 2026. Approximately 1,000 importers and exporters across special economic zones and domestic jurisdictions use the IMEXIO platform to prepare and file customs declarations.

NDML also incorporated NDML Insurance Repository Services Limited and filed a demerger application with the National Company Law Tribunal, Mumbai, to transfer its insurance repository business. The National Insurance Repository platform had created a cumulative 1.75 crore e-Insurance Accounts policies to date, according to the company.

NSDL Makes Further Investment in India International Bullion Holding IFSC

NSDL reported an additional investment in India International Bullion Holding IFSC Limited to support infrastructure development, including information technology infrastructure.

The company continues to expand its depository services and digital platforms while reporting growth in consolidated income for Q2 FY27 and H1 FY27.