The PAT grew 23% on a sequential basis, while the topline jumped 28%.
Operating profit saw a 9% YoY growth at Rs 114 crore, compared to Rs 104 crore in the year-ago period.
NSDL’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 15 crore, recording a 12% YoY and 22% QoQ uptick. The EBITDA margin in the quarter under review stood at 36.7%, versus 36.9% in Q2FY25 and 37.4% in Q1FY26.
NSDL’s expenses rose 13% YoY and 25% QoQ to Rs 285 crore in Q2FY26, compared to Rs 253 crore in Q2FY25 and Rs 228 crore in Q1FY26. The expenses were under heads such as ‘Employee benefits expense’, depreciation and amortisation expense, among others.
Also Read: Tata Motors (CV) Q2: First results post-listing show Rs 867 crore YoY loss on Tata Capital mark-down; revenue up 6%NSDL, in its filing to the exchanges, said that its subsidiaries were 100% profitable.The earnings were announced after market hours, and NSDL’s shares today ended 2% up at Rs 1,147.25 on the NSE.
NSDL, in its investor presentation, said that its market share by total demat custody value stood at 86.3%. The total number of demat accounts stood at 4.19 crore at the end of the September quarter, with the average value of assets held in a demat account at Rs 1.2 crore.
NSDL shares were listed on the exchanges on 6 August at Rs 880 on the BSE, a 10% premium over the issue price of Rs 800. At the current market price of Rs 1,147.25, it is trading 43% above the issue price.
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