NSDL Reports 5% Profit Growth in March Quarter Ahead of IPO

National Securities Depository Ltd (NSDL), which is preparing for an initial public offering, announced a consolidated net profit of ₹83.3 crore for the March 2025 quarter. This represents a 4.77% increase compared to ₹79.5 crore reported in the same quarter of the previous financial year.

Total income during the quarter rose by 9.94% to ₹394 crore, up from ₹358 crore recorded in the corresponding period of the previous year.

Annual Performance Sees Strong Growth

For the full financial year FY25, NSDL reported a notable 24.57% rise in net profit, reaching ₹343 crore. Total income for the year increased by 12.41%, amounting to ₹1,535 crore, as per the company’s statement.

Dividend Recommendation Announced

The board of directors of NSDL has recommended a final dividend of ₹2 per equity share for FY25. This is subject to shareholder approval during the upcoming general meeting.

Extensive Demat Reach Across India and Globally

NSDL plays a critical role in India's financial infrastructure by facilitating the holding and transfer of securities in dematerialised form. As of FY24, the company’s demat account holders were present in more than 99% of postal codes across India. Internationally, NSDL serves customers in 186 countries and operates through over 63,000 service centres, covering every state and Union Territory.

IPO Size Trimmed and Filing Updated

NSDL has revised the size of its upcoming public issue. According to a recent addendum filed with regulators, the offer now includes 5.01 crore shares, down from 5.72 crore shares mentioned in the earlier draft red herring prospectus.

The IPO will be entirely an offer-for-sale. Major shareholders such as the National Stock Exchange of India, State Bank of India, and HDFC Bank will be selling their shares. NSDL itself will not receive any funds from this issue.

Read More: NSDL Updates IPO Draft, Reduces Offer Size to 50.15 Million Shares. 

SEBI Extends Listing Deadline

The markets regulator SEBI has granted NSDL an extension until July 31, 2025, to complete its listing. Upon listing, NSDL will become the second publicly traded depository in India, following the listing of Central Depository Services Ltd (CDSL) on the National Stock Exchange in 2017.

Complying with SEBI’s Shareholding Norms

The listing is also an important step toward compliance with SEBI’s ownership guidelines, which cap individual holdings in depository firms at 15%. Currently, IDBI Bank holds a 26.10% stake, and the NSE holds 24% in NSDL. Both entities are required to reduce their shareholding to meet the regulatory limits.

Conclusion

NSDL has reported steady financial growth in Q4 and FY25, while taking key steps toward its IPO. The listing will also help meet SEBI’s ownership norms.

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