Synopsis: National Securities Depository Limited (NSDL) showed solid financial results for the quarter and the full year ending March 31, 2026. With a consistent rise in consolidated net profit and a notable dividend announcement, the depository strengthens its role in India’s financial system.
In a regulatory filing to the BSE, NSDL shared its audited financial results for the fourth quarter and financial year ending March 31, 2026. The company’s Board of Directors met on April 30, 2026, and approved a standalone net profit of Rs. 360.60 crore for the full fiscal year, an increase from Rs. 321.62 crore in FY25. Revenue from operations for the year reached Rs. 704.71 crore, showing about 13.9% growth compared to the previous year.
For the quarter ending March 31, 2026 (Q4), NSDL reported revenue of Rs. 170.61 crore and a net profit of Rs. 79.68 crore. In addition to the earnings, the Board recommended a final dividend of Rs. 4 per equity share (with a face value of Rs. 2 each) for FY 2025-26, pending shareholder approval at the upcoming Annual General Meeting. This marks a significant increase from the Rs. 2 dividend declared last year.
Between the third and fourth quarters of FY26, NSDL experienced a substantial 27.22% surge in revenue, jumping from Rs. 360 crore to Rs. 458 crore. However, this top-line growth was offset by a 40.16% spike in operating expenses, which led to a slight 2.83% dip in operating profit. Despite these rising costs, the company maintained a stable bottom line, reporting a consistent net profit of Rs. 90 crore for the quarter, supported by its strong market position and diversified digital service ecosystem.
The stock closed at Rs. 880.85, gaining 0.19% even as the broader market declined, with the BSE Sensex dropping by 0.75% on Thursday. During the trading session, the stock reached an intra-day high of Rs. 897.45, indicating strong investor interest following the earnings report.
NSDL currently has a market capitalization of about Rs. 17,617 crore. Market analysts are monitoring the company’s Price-to-Earnings (PE) ratio, which is 46.36 on a consolidated basis. With a 52-week high of Rs. 1,425, investors hope the dividend and steady earnings growth will help improve the stock’s valuation.
About the Company
National Securities Depository Limited (NSDL) is one of India’s leading depositories, playing a vital role in the country’s capital markets. Established to offer electronic depository services, NSDL facilitates the holding and settlement of securities in dematerialized form, ensuring technology-based access and trust. The group includes important subsidiaries like NSDL Database Management Limited and NSDL Payments Bank Limited, along with an associate interest in India International Bullion Holding IFSC Limited. Led by Managing Director & CEO Vijay Chandok, NSDL continues to enhance its digital services and ecosystem to support millions of investors across India.
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