NSDL Q1 results: Net profit rises 15% to ₹90 crore, revenue declines 7%; EBITDA jumps 18%

National Securities Depository Limited (NSDL), the company which offers depository services to retail and institutional investors, on Tuesday, August 12, reported a consolidated net profit of ₹90 crore in the first quarter of current financial year (Q1FY26), marking an increase of 15% from ₹78 crore during the same period last year.

NSDL's revenue from operations, however, declined 7% annually to ₹312 crore from ₹337 crore in the year-ago period.

The company reported stable operational performance as its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, jumped 18% to ₹95 crore and its EBITDA margin expanded by 660 basis points to 30.51% from 23.89%.

During the quarter, NSDL earned ₹161 crore from depository business, ₹18 crore from database management services and ₹133 crore from banking services. The majority profit of the company worth ₹80 crore came from depository business while database management and banking services businesses contributed ₹3.55 crore and ₹1.73 crore respectively to the profit.

NSDL raised ₹4,011 crore from the initial public offering (IPO) which was purely an offer for sale by its selling shareholders.

The depository's public issue consisted of an offer for sale (OFS) component of 5.01 crore shares, and those selling shares under this were the National Stock Exchange of India (NSE), HDFC Bank, IDBI Bank, Union Bank of India, State Bank of India (SBI), and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI).

The issue received strong response from investors as the IPO was subscribed 41.02 times. The portion reserved for Qualified Institutional Buyers (QIBs) was booked 104 times, pie set aside for non-institutional investors was booked 35 times and shares set aside for retail investors was booked 7.76 times.

NSDL shares ended at ₹1,288.80 ahead of its earnings announcement. The stock has rallied 61% from its issue price of ₹800.