Q2 FY27 revenue up 35%, profit up 11%; margin recovery expected

Management guided margin improvementInvestor Communications View source PDF Explain this filing

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

+3.1%Reaction day

₹748.50

prior close

₹763.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+2.0% vs market

Capital Markets peers, median of 63sector · industry level+1.5%+1.6% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 1.6 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

Stock

+0.3

10m

+0.2

15m

-0.0

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.1+1.1+2.0+1.5+1.6

Next day

+2.2pendingpending+0.6+1.7

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15d

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UpDownMarket · Nifty Microcap 250Sector · Capital Markets peers, median of 63Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NSDL reported Q2 FY27 consolidated revenue of INR582.6 crore, up 34.8% year on year, and profit after tax of INR122.5 crore, up 10.9%. It added 15.6 lakh net demat accounts, reaching 4.72 crore, with 17.2% market share. Management expects technology cost growth to normalize from next year, supporting margin recovery. Demat 2.0 is an institutional bond pilot with three issues worth over INR1,000 crore.

Likely market impact

Revenue and profit growth is positive for the stock, but technology costs pressure margins. Expected cost normalization could aid future margins.