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Key Points

NSDL reported a 15% YoY jump in Q1 profit despite a 7.5% revenue decline. The company cut expenses by over 14%, boosting its bottom line. Since its August IPO, NSDL shares have surged 78% from the offer price. Analysts remain bullish due to its market-leading position in depository services.

Key Points: NSDL Q1 Profit Jumps 15% to Rs 89 Crore Despite Revenue Dip

  • NSDL Q1 profit rises to Rs 89.63 crore YoY
  • Revenue falls 7.5% to Rs 312 crore
  • EPS climbs to Rs 4.48 per share
  • Stock remains 46.5% above IPO price
2 min read

NSDL's Q1 profit surges 15 pc YoY to 89 crore, revenue declines

NSDL posts 15% YoY profit growth to Rs 89 crore in Q1 FY26 while revenue declines 7.5%, backed by cost-cutting measures and strong IPO performance.

"Tighter cost control saw total expenses drop more than 14% year over year – Exchange Filing"

New Delhi, Aug 12

The National Securities Depository's (NSDL) net profit for the first quarter of the current financial year (Q1 FY26) stood at Rs 89.63 crore, up 15 per cent year-on-year (YoY), according to an exchange filing on Tuesday.

The newly listed stock depository firm had reported a consolidated net profit of Rs 77.82 crore in the same quarter last year (Q1 FY26).

The NSDL posted a rise in its bottom line for the April–June quarter of FY26, even as revenue from operations declined. Revenue from operations for the depository was Rs 312 crore, a 7.5 per cent decrease from Rs 337 crore in the same quarter of the previous year.

During the quarter, earnings per share (EPS) increased to Rs 4.48.

Tighter cost control saw total expenses drop more than 14 per cent year over year to Rs 228 crore in Q1 FY26 from Rs 265 crore in the same quarter a year ago. Meanwhile, the company's total expenses in the preceding quarter stood at Rs 283 crore.

The NSDL has produced strong returns since its August 6 market debut, when the stock debuted on the BSE for Rs 880, 10 per cent higher than its initial public offering price.

Supported by solid fundamentals and a leading position in the depository sector, the Rs 4,000-crore IPO had drawn calls from analysts for long-term investments.

The stock reached an all-time high before easing, rising as much as 62 per cent from its listing price and almost 78 per cent above its IPO price.

The stock is still 46.5 per cent higher than its IPO price, highlighting the ongoing interest of investors.

NSDL shares closed 1.24 per cent higher at Rs 1,288.80 apiece on the NSE on Tuesday.

- IANS

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Reader Comments

P
Priya S
The revenue decline is concerning though. How sustainable is this profit growth if income keeps falling? NSDL needs to focus on expanding services to maintain long-term growth. Still, EPS improvement is positive for shareholders.
A
Aman W
Bhai log, NSDL is a monopoly player in depository services. Even with revenue dip, they'll do well long term. Market has shown confidence by keeping stock price 46% above IPO level. Solid bet for conservative investors 👍
S
Sarah B
As someone new to Indian markets, I'm impressed by NSDL's performance. The 15% profit growth is remarkable in current economic conditions. But I wonder - is this growth coming at the expense of service quality? Would love to hear from existing customers.
V
Vikram M
NSDL's cost control is textbook perfect! Reducing expenses by 14% while maintaining profits shows operational efficiency. This is exactly what we need in PSUs. Hope other government-backed companies learn from them.
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Nisha Z
The stock surge post-IPO looks overdone to me. Yes, good results but 78% above IPO price? Seems like market hype. I'll wait for correction before entering. Remember what happened to Paytm! 🚨
K
Karthik V
As a long-term investor, I

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