Shares of National Securities Depository Ltd (NSDL) were up 1.08% at Rs 1,159.60 on Friday, November 14, after the company posted a steady set of numbers for the September quarter of FY26.
For Q2 FY26, NSDL reported a 14.6% YoY rise in consolidated net profit to Rs 110 crore, compared with Rs 96 crore in the year-ago period. Revenue increased 12.1% year-on-year to Rs 400 crore, against Rs 356.7 crore last year.
EBITDA for the quarter grew 12.7% YoY to Rs 127.5 crore, while the operating margin stayed stable at 31.9%, compared with 31.7% in Q2 FY25.
Total income rose 19% YoY and 32% sequentially to Rs 250.6 crore, largely supported by a 21% jump in income from investments, which came in at Rs 28.1 crore for the quarter. NSDL also received a dividend of Rs 18.3 crore from its subsidiary, NSDL Database Management Ltd (NDML).
As of September 2025, NSDL continued to dominate the depository landscape in India with an 86.3% share of total demat custody value and 62.2% share of individual and HUF custody value. The platform now manages 41.9 million demat accounts, with an average asset value of Rs 12 million per account.
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