| Revenue growth | Consolidated total income ₹582.6 Cr, +34.8% YoY; +3.9% QoQ. |
|---|---|
| Margins | Consolidated EBITDA margin 30.6% vs about 36.7% last year; contracting. |
| Demand visibility | Unlisted onboarding flattened near 3,000 companies; IPO pipeline drives upside. |
| Management confidence | Balanced to defensive; repeatedly declined guidance. |
Growth
Consolidated total income ₹582.6 Cr, +34.8% YoY, but PAT grew only 10.9%. Costs are outpacing income.
Outlook
No numeric guidance given. Expenses expected 'broadly flattish' this year. Margin normalisation promised without figures or timeline.
Risks
Tech and talent spend is lifting costs. EBITDA margin fell to 30.6% from about 36.7%. Settlement-charge revision stalled. Retail market share slipped to 17.2% from 17.6% QoQ.
Earnings Call Transcript filed with BSE, NSE: NSDL. Summary written with AI assistance from the document.
National Securities Depository Ltd: key numbers
- Share price
- ₹719.75
- Market cap
- ₹14,395 Cr
- Revenue (annual)
- ₹1,530 Cr
- Net profit (annual)
- ₹379.7 Cr
- P/E (TTM)
- 36.0×Sector 19.8×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 8.24%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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National Securities Depository Results Update
NSDL reported Q2 FY27 standalone total income growth of 11.7% and H1 FY27 growth of 13.3%. Consolidated net profit rose 10.9% in Q2 FY27 per the press release.
National Securities Depository Q2 FY27 Results: Net Profit ₹122.5 Cr, Up 11.0% YoY
National Securities Depository Ltd reported revenue from operations of ₹545.9 Cr (+36.5% YoY) and net profit of ₹122.5 Cr (+11.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹122.5 Cr · +11.0% YoY
National Securities Depository Other Announcement
National Securities Depository Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, as per SEBI regulations.
National Securities Depository Management Change
NSDL has received SEBI approval for the re-appointment of Mr. Sriram Krishnan as a Non-Independent Director on its Governing Board, effective September 22, 2026.