NSDL FY26 Financial Results and Corporate Update

Consolidated profit after tax reached Rs 380.01 crore for FY 2025-26, up from Rs 343.12 crore in FY 2024-25.
Revenue from operations increased to Rs 1,529.96 crore, compared to Rs 1,420.21 crore in the previous fiscal year.

Reader Takeaway: Robust growth in assets and profitability; company resolves past regulatory scrutiny via financial settlement.

What just happened

National Securities Depository Ltd (NSDL) has released its annual financial performance for the year ending March 31, 2026. The company reported steady growth in both revenue and profitability, alongside announcing a final dividend of Rs 4 per equity share (face value Rs 2). The company also confirmed key executive appointments and the resolution of regulatory matters with the market regulator, SEBI.

Why this matters

As a critical pillar of India’s capital market infrastructure, NSDL’s financial stability reflects the broader trend of rising retail participation. With 4.44 crore active demat accounts and Assets under Custody (AUC) reaching Rs 477.29 lakh crore, the company maintains a dominant position in the depository space. The successful settlement of past regulatory issues with SEBI marks a move toward normalized compliance oversight.

Operational Performance

NSDL continues to scale its operations, supporting a massive issuer base of 111,379 companies. The infrastructure is managed through 311 depository participants across 57,037 service centers, highlighting the company’s extensive reach within the domestic market.

Regulatory and Compliance

The company has concluded settlement proceedings with SEBI related to a FY 2023-24 inspection. NSDL paid a settlement amount of Rs 15.57 crore and contributed a financial disincentive of Rs 1.5 crore to the NSDL Investor Protection Fund, fulfilling all non-monetary settlement terms requested by the regulator.

Leadership Changes

NSDL has strengthened its leadership team with the appointment of Mr. Subhash Kelkar as Executive Director (Critical Operations) and Mr. Ankit Sharma as Executive Director (Regulatory, Compliance, Risk Management & Investor Grievances). These appointments are aimed at reinforcing operational stability and regulatory governance.

What to track next

The 14th Annual General Meeting is scheduled for September 22, 2026, where shareholders will vote on the proposed dividend and finalize the annual accounts.