Shares of National Securities Depository Limited (NSDL) fell over 3% intraday on Wednesday, trading at ₹1,244 apiece, as investors engaged in profit booking after a sharp rally since the company’s stock market debut.
The decline comes even as the company posted robust Q1 FY26 earnings — its first results after listing — with a 15.2% YoY jump in consolidated net profit to ₹8,962.61 lakh, up from ₹7,782.51 lakh in the year-ago quarter.
Post-Listing Rally and Weekly Performance
Since its listing earlier this month, NSDL shares have gained over 35% from the IPO price band of ₹760–₹800. The stock also recorded a weekly gain of nearly 20% last week, making it one of the standout performers in recent debut listings.
Given the sharp rise, market experts say today’s drop is largely due to profit booking by short-term traders who capitalized on the strong listing gains.
Q1 FY26 Financial Highlights
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Net Profit: ₹8,962.61 lakh (+15.2% YoY)
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Revenue from Operations: ₹31,202.56 lakh (-7.5% YoY) due to lower transaction fees, partly offset by higher other income (₹3,476.81 lakh vs ₹2,758.90 lakh).
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EBITDA: ₹13,992.36 lakh (+27.2% YoY), driven by cost control and lower employee expenses.
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Profit Before Tax: ₹11,834.69 lakh (up from ₹9,998.38 lakh).
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EPS: ₹4.48 vs ₹3.89 last year.
IPO Recap
NSDL’s IPO, which closed on August 1, 2025, raised ₹4,011.6 crore through an offer-for-sale (OFS) of 5.01 crore equity shares. It was subscribed 41.02 times, with exceptional demand from qualified institutional buyers (103.97 times), non-institutional investors (34.98 times), and retail investors (7.76 times).
The IPO’s strong reception reflected confidence in NSDL’s market position as India’s largest securities depository and its growth potential in capital markets infrastructure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Stock market investments carry risks. Investors should conduct their own research or consult a financial advisor before making investment decisions.
