NSDL Standalone PAT Grows 18.3% in Q2 FY26; Consolidated Net Worth Reaches ₹2,166.6 Crore – Indian PSU
National Securities Depository Limited (NSDL) on Thursday announced its unaudited standalone and consolidated financial results for the quarter ended September 30, 2025, reporting strong growth across key financial and operational indicators.
Standalone Financial Performance (Q2 FY26)
- NSDL delivered robust quarterly performance, with profit after tax (PAT) rising 18.3% year-on-year to ₹120.4 crore, compared to ₹101.8 crore in Q2 FY25.
- Total income increased from ₹210.8 crore to ₹250.6 crore, registering 18.9% YoY growth, while sequentially income rose 31.6%.
- The company’s net worth stood at ₹1,970.9 crore as of September 30, 2025.
Consolidated Financial Performance (Q2 FY26)
At the consolidated level, NSDL reported:
- Total income: ₹432.2 crore (up 12.2% YoY)
- PAT: ₹110.3 crore (up 14.7% YoY)
- Consolidated net worth reached ₹2,166.6 crore at the end of the quarter.
- In Q2 FY26, NSDL also received a ₹18.3 crore dividend from its subsidiary, NSDL Database Management Ltd (NDML).
Operational Highlights
- Strong Growth in Demat Ecosystem
- NSDL significantly expanded its footprint in India’s depository landscape:
- Demat account (net BO A/c) market share surged from 9.9% in Q2 FY25 to 17.6% in Q2 FY26.
- Total demat accounts reached 4.19 crore, with 13.92 lakh new net BO accounts added in the quarter.
- NSDL continues to dominate demat custody, holding 86.3% of the total custody value as of September 30, 2025.
Unlisted Market Leadership
NSDL’s market share in the unlisted equity segment climbed to 73%, up from 71.1% in the same period last year, with 11,552 companies admitted during Q2 FY26.
Depository Network Expansion
The network comprised:
- 299 Depository Participants (DPs)
- 55,738 DP service centres, enhancing accessibility across India.
- Subsidiaries: Key Milestone for NSDL Payments Bank
A major development during the quarter was the inclusion of NSDL Payments Bank Limited in the Second Schedule of the RBI Act, officially granting it the status of a Scheduled Payments Bank in July 2025. The recognition enhances the bank’s operational capabilities and regulatory standing.
