NSDL Q2 FY27 profit rises 5%, operating revenue up 12%

EBITDA margin compressionRevenue growth above 20%Exceptional itemResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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₹703.00

prior close

₹710.10

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+0.9% vs market

Capital Markets peers, median of 64sector · industry level+1.5%+0.9% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 0.9 pts more than its Capital Markets peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+2.4+1.4+0.9+1.5+0.9

Next day

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AI summary

NSDL approved unaudited standalone and consolidated Q2 and first-half FY27 results. Standalone operating revenue rose 11.6% year on year to Rs 227.80 crore and net profit rose 5.2% to Rs 126.67 crore. First-half operating revenue rose 12.3% to Rs 409.97 crore and net profit rose 6.3% to Rs 215.80 crore. NSDL disclosed a Karvy matter involving Rs 1,435.05 crore, with no provision, and a contested Rs 2.68 crore GST demand.

Likely market impact

Revenue and profit grew, but profit margin narrowed. The Karvy matter and GST demand add uncertainty; NSDL has made no provision for the Karvy case.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹545.9 Cr	₹400.0 Cr	+36.5%
Operating profit	₹125.7 Cr	₹115.4 Cr	+9.0%
Profit after tax	₹122.5 Cr	₹110.4 Cr	+10.9%
EBITDA margin	26.0%	31.6%	−5.7 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.