NSDL posts ₹83.3 crore Q4 profit; IPO issue size cut to 5.01 crore shares

The National Securities Depository Limited (NSDL), which is preparing to go public, reported a 4.77% year-on-year rise in consolidated net profit for the March quarter (Q4 FY25), at ₹83.3 crore compared to ₹79.5 crore in the same period last year. Total income for the quarter grew 9.94% to ₹394 crore from ₹358 crore.

For the full year ended March 2025, NSDL’s consolidated net profit stood at ₹343 crore, up 24.57% from ₹275 crore in FY24. Annual income rose 12.41% to ₹1,535 crore.

The company’s board has recommended a final dividend of ₹2 per share for FY25, subject to shareholder approval.

The earnings come ahead of NSDL’s planned initial public offering, for which it has reduced the issue size. The revised offer now includes 5.01 crore equity shares, down from 5.72 crore shares originally proposed in its draft red herring prospectus. The IPO is a complete offer-for-sale by existing shareholders, including the National Stock Exchange of India, State Bank of India, and HDFC Bank. As a result, NSDL will not receive any proceeds from the issue.

Market regulator SEBI has extended the deadline for the company's listing to July 31, 2025. If successful, NSDL will become the second depository in India to list publicly after Central Depository Services Limited (CDSL), which went public in 2017.

NSDL holds a dominant share in the depository ecosystem, with over 86% of the value of dematerialised assets in FY24. It has a nationwide presence, with demat account holders in over 99% of India’s pin codes and in 186 countries, supported by over 63,000 service centres across all states and Union Territories.