Summary

National Securities Depository Ltd (NSDL) has reported a 15.4% YoY growth in total income for the quarter ended December 31, 2025. The net profit after tax grew marginally by 0.5%.

Key Highlights

1. 1

   Total income increased from Rs.172.2 cr (Q3FY25) to Rs.198.7 cr (Q3FY26), a growth of 15.4%

2. 2

   Net profit after tax grew marginally by 0.5% from Rs.77.5 cr (Q3FY25) to Rs.77.9 cr (Q3FY26)

3. 3

   Net Beneficiary Owner (BO) market share increased from 8.84% in 9M FY 2025 to 15.89% in 9OM FY 26

4. 4

   Added 13 lakhs net BO accounts for Q3 FY26

5. 5

   Market share increased in unlisted market with 4,446 companies admitted in Q3FY26 and overall market share of 72.5% (equity)

6. 6

   Market share by total demat custody value stood at 86.2% as of December 2025

7. 7

   No of Depository participants (DP) — 300 and DP service centres — 56,858 as of December 31, 2025

8. 8

   Implemented provisions of the new labour law, i.e., the Code on Social Security, 2020, with an impact of Rs 0.61 cr on standalone basis and Rs 1.95 cr on consolidated basis during Q3 FY26

9. 9

   Protean eGov Technologies Ltd. has acquired a 4.95% stake in NSDL Payments Bank Ltd for Rs 30.2 crore