NSDL quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
National Securities Depository Ltd reported sales of ₹546 Cr, operating profit of ₹142 Cr (OPM 26%) and net profit of ₹122 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
NSDL quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
363
364
312
400
360
458
517
546
Expenses
272
272
217
273
254
356
416
404
Operating Profit
91
91
95
127
106
103
101
142
OPM
25%
25%
30%
32%
29%
22%
20%
26%
Other Income
29
31
35
32
35
29
44
37
Interest
1
1
2
1
2
2
2
2
Depreciation
9
10
10
11
13
14
14
15
Profit before tax
110
111
118
146
125
116
129
162
Tax
22%
25%
24%
24%
29%
22%
24%
24%
Net Profit
86
83
90
110
90
90
98
122
EPS in Rs
4.29
4.16
4.48
5.52
4.48
4.51
4.91
6.11
NSDL profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
761
1,022
1,268
1,420
1,530
1,880
Expenses
522
771
985
1,045
1,100
1,429
Operating Profit
239
251
284
376
430
452
OPM
31%
25%
22%
26%
28%
24%
Other Income
60
77
97
117
130
144
Interest
2
2
2
4
7
7
Depreciation
19
22
24
35
48
57
Profit before tax
278
305
355
453
506
532
Tax
24%
23%
22%
24%
25%
-
Net Profit
213
235
275
343
380
401
EPS in Rs
10.63
11.74
13.77
17.16
18.99
20.01
Dividend Payout
47%
9%
7%
12%
21%
-
NSDL balance sheet (₹ Cr)
Metric
Mar 2023
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Equity Capital
40
40
40
40
40
Reserves
1,389
1,644
1,965
2,127
2,330
Borrowings
17
14
10
19
17
Other Liabilities
648
560
969
1,622
1,433
Total Liabilities
2,093
2,258
2,985
3,808
3,820
Fixed Assets
68
289
322
363
408
CWIP
5
13
22
8
16
Investments
1,457
1,494
1,996
2,473
2,559
Other Assets
563
462
646
964
836
Total Assets
2,093
2,258
2,985
3,808
3,820
NSDL cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
148
327
113
563
713
Cash from Investing Activity
-64
-375
-173
-502
-619
Cash from Financing Activity
-20
-20
-20
-22
-18
Net Cash Flow
63
-68
-80
39
77
Free Cash Flow
139
283
-131
489
578
CFO/OP
94%
155%
68%
176%
192%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit