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NSDL, the country’s first depository, announced its financial performance for the September quarter (Q2FY26) today, November 13, post market hours, reporting a 14.6% year-on-year (YoY) rise in consolidated net profit to ₹110 crore, compared to ₹96 crore in the same quarter last fiscal year.

Revenue from operations during the quarter stood at ₹400 crore, up from ₹356.7 crore in the year-ago period, reflecting a 12.1% YoY growth.

The revenue from its core depository segment rose 21% year-on-year (YoY) to ₹204 crore, from ₹169 crore in the year-ago quarter, while the banking services division posted revenue of ₹176 crore, up from ₹164 crore in Q2FY25.

The data management services segment contributed ₹19 crore during the quarter. The company posted an EBITDA of ₹158.7 crore, reflecting an 11.7% YoY increase, though margins narrowed by 70 basis points to 36.7%.

In its earnings report, the company said it crossed four crore Beneficial Owner (BO) accounts in May 2025, covering over 19,000 PIN codes, with services operated through 299 Depository Participants (DPs) across 55,738 centers.

The first crore BO accounts took 13 years (till August 2009) to reach, the next crore took 11 years, and in the last five years, the company has added the remaining two crore accounts, taking the total to over four crore.

(more to come)

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