NSDL Share Price in Focus as Profit Grows and Margins Improve in Q3 FY26 Results

National Securities Depository Ltd reported steady financial performance in the December quarter, recording moderate profit growth alongside a notable improvement in operating margins. 

While revenue remained largely unchanged compared with the same period last year, stronger EBITDA growth supported margin expansion. The results reflect cost management measures and operating efficiency during the quarter.

Profit Records Modest Year-on-Year Growth

NSDL posted a net profit of ₹89.6 crore for the December quarter, marking a 4.4% increase compared with ₹85.8 crore in the corresponding period last year. 

The profit growth indicates stable earnings despite limited movement in topline performance.

Revenue Remains Largely Flat

Revenue for the quarter stood at ₹359.6 crore, marginally lower than ₹362.5 crore reported a year earlier.

The slight decline reflects stable business activity with limited year-on-year change in income streams.

EBITDA Growth Supports Margin Expansion

Operating performance improved during the quarter, with EBITDA rising 18.5% year-on-year to ₹107.4 crore. 

This contributed to operating margins increasing to 29.9%, compared with 25% in the same quarter last year. The improvement suggests enhanced cost control and operating leverage.

Comparison With Previous Quarter

In the September quarter, NSDL had recorded stronger sequential growth, with net profit rising 15% year-on-year. Revenue in that quarter grew by over 12%, while EBITDA increased 13%, and margins were maintained at around 32%.

NSDL Share Price Movement

NSDL’s share price was last reported at ₹979.95, reflecting a decline of 3.15% during the trading session referenced.

Read More: Moody’s Sees India–EU Trade Pact Supporting Manufacturing and Investment.

Conclusion

NSDL’s December quarter results show moderate profit growth supported by improved operating margins, despite largely unchanged revenue. The performance reflects stable business conditions and continued focus on operating efficiency. Future results will depend on revenue growth trends and cost management progress.

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