NSDL Reports 18.9% Revenue Growth in Q2, Crosses 4 Crore DEMAT Accounts
NSDL, India's largest depository, reported robust Q2 financial results. Total income increased by 18.9% to INR 250.60 crore, while profit after tax grew 18.3% to INR 120.40 crore year-on-year. The company crossed 4 crore DEMAT accounts, reaching 4.19 crore by September 30, with a 4.9% incremental growth rate. NSDL's market share in new DEMAT account additions rose to 17.6% from 9.9% last year. In the Unlisted Issuer Equity segment, NSDL maintained a 73% market share, onboarding over 11,500 companies in Q2. The company also launched several digital initiatives and continued its focus on investor awareness and protection.
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National Securities Depository (NSDL) , India's largest depository, has reported strong financial results for the second quarter, demonstrating robust growth across key metrics.
Financial Highlights
NSDL's standalone total income for Q2 reached INR 250.60 crore, marking an 18.9% increase year-on-year. The company's profit after tax grew by 18.3% to INR 120.40 crore compared to the same period last year.
Operational Performance
The company achieved a significant milestone by crossing 4 crore DEMAT accounts, with the total number standing at 4.19 crore as of September 30. This represents a 4.9% incremental growth rate, outperforming the industry which experienced a 39% decline in new account additions.
NSDL's market share in incremental DEMAT account additions during Q2 rose to 17.6%, a substantial increase from 9.9% in the same period last year. This 770 basis point improvement underscores the company's growing dominance in the retail investor segment.
Unlisted Issuer Equity Segment
NSDL further strengthened its leadership in the Unlisted Issuer Equity segment, capturing a 73% market share. The company onboarded over 11,500 companies during the quarter, bringing the total number of issuers on the NSDL network to more than 1 lakh as of September 30.
Technology Initiatives
The company continues to focus on technology and process innovation. Key digital initiatives launched recently include:
- Migration to the common contract note regime on the STEADY platform
- Integration of proxy advisory recommendations within the e-voting system
- Launch of an enhanced SPEED-e application offering a consolidated view of securities
- Implementation of direct payout settlement of securities
Investor Awareness and Protection
NSDL remains committed to investor protection and financial literacy. The company's joint awareness campaign with SEBI, under the hashtag "Raho Digitally Chaukanna," reached over 79 million investors across India. Additionally, NSDL conducted more than 2,500 investor awareness programs annually, reaching approximately 1.56 lakh participants across various tier cities.
Management Commentary
Vijay Chandok, Managing Director and CEO of NSDL, commented on the results: "Our operational performance remained strong during the quarter, with significant growth in DEMAT accounts and market share. We continue to focus on deepening retail investor participation, leveraging technology for operational excellence, and supporting regulatory initiatives."
Future Outlook
While not providing specific guidance, NSDL's management expressed optimism about future growth prospects. The company plans to continue investing in technology and skilled personnel to drive innovation and maintain its market leadership position.
As India's financial services ecosystem continues to deepen with strong domestic participation and increasing investor awareness, NSDL is well-positioned to play a central role in this transformation, leveraging its position as the country's largest depository.
Historical Stock Returns for National Securities Depository (NSDL)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.23% | -2.33% | -4.33% | +18.59% | +18.59% | +18.59% |
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