Operating profit grew 9% year-on-year at Rs 114 crore, compared to Rs 104 crore in the same period a year ago.NSDL’s earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Rs 15 crore, up 12% year-on-year and 22% quarter-on-quarter. EBITDA margin in the quarter under review was 36.7%, compared to 36.9% in Q2FY25 and 37.4% in Q1FY26.
NSDL’s costs rose 13% YoY and 25% QoQ to Rs 285 crore in Q2FY26, compared to Rs 253 crore in Q2FY25 and Rs 228 crore in Q1FY26. The costs were included under the headings ‘Personnel costs’, depreciation and amortization costs.
Also read: Tata Motors (CV) Second Quarter: Early post-listing results show loss of Rs 867 crore YoY due to writedown of Tata Capital; revenue up 6% NSDL said in its filing to the stock exchanges that its subsidiaries were 100% profitable. The earnings were announced after market hours and shares of NSDL ended down 2% at Rs 1,147.25 on the NSE today.
NSDL said in its investor presentation that its market share, measured by the total value of demat custody, was 86.3%. The total number of demat accounts stood at 4.19 crore at the end of the September quarter, with the average value of assets in a demat account standing at Rs 1.2 crore.
NSDL shares were listed on the stock exchanges on August 6 at Rs 880 on the BSE, a 10% premium over the issue price of Rs 800. At the current market price of Rs 1,147.25, it is trading 43% above the issue price.
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