Investor Presentation - Q1 (2025-26)

NSDL shared its Q1 FY26 investor presentation following a conference call organized by ICICI Securities. On a standalone basis, profit after tax rose 24% YoY to Rs 82.6 crore, driven by a 21.7% increase in total income to Rs 190.4 crore and a 19.5% rise in operating revenue to Rs 161 crore. Operating profit margin improved to 49.7% (from 47.9% in Q1 FY25) and PAT margin rose to 43.4%. The company crossed 4 crore demat accounts and saw its incremental BO account market share jump to 15.5% from 9.4% a year earlier. On a consolidated basis, PAT grew 15.2% YoY to Rs 89.6 crore despite a 7.5% decline in operating revenue, helped by lower other expenses. Market shares remain dominant at 69.5% in issuers, 73.2% in unlisted equities, and 96.98% in debt securities by value.