Overview

• NSDL reported a consolidated net profit of Rs 89.63 crore for Q1 FY26, up 15.2% year on year, while EBITDA grew about 27% to Rs 115 crore.
• Operating revenue fell approximately 23% year on year to Rs 312 crore and was down 14% sequentially, marking a notable top-line contraction.
• Operating expenses rose around 15% to Rs 81 crore, partially offsetting the company’s profit increase.
• Shares slid roughly 4–5% on August 13 and extended losses by nearly 3% on August 14, erasing a portion of the post-IPO rally.
• NSDL maintained market leadership by crossing 4 crore demat accounts and lifting its demat market share to 15.5%, prompting investors to watch revenue trends in coming quarters.