India · Delayed Price · Currency is INR National Securities Depository Earnings Call Transcripts
Fiscal Year 2027
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Revenue and profit grew strongly year-over-year, with significant gains in Demat account additions and fintech-driven growth. Technology and manpower investments were front-loaded, with expectations of margin normalization as these mature. Market share in key segments improved.
Fiscal Year 2026
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FY 2026 saw resilient financial performance amid market volatility, with revenue and PAT growth both YoY. Digital initiatives, fintech onboarding, and record DP additions drove operational gains, while technology investments and regulatory changes shaped the outlook.
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Q3 FY26 saw 15.4% YoY standalone income growth and stable PAT, with a one-time tax item impacting profit. Payment bank profitability improved, and NSDL maintained strong market share in custody and e-voting, despite regulatory headwinds affecting unlisted company onboarding.
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Q2 FY 2026 saw robust financial and operational growth, with income and PAT rising double digits YoY. Market share in demat account additions increased, and digital initiatives and Payments Bank performance contributed to results. Continued tech investment and stable margins expected.