NSDL quarterly revenue rises 34.8% to Rs 582.6 crore; demat accounts reach 4.72 crore

NSDL, the National Securities Depository Limited and India's largest depository, has announced its quarterly results. The company's business and profit are both growing.

Total revenue for the quarter rose from Rs 432.2 crore to Rs 582.6 crore, an increase of 34.8%. Net profit rose from Rs 110.4 crore to Rs 122.5 crore, up 10.9%. For the six months, revenue rose from Rs 779 crore to Rs 1,143.1 crore, up 46.7%, and profit from Rs 200 crore to Rs 220.8 crore, up 10.4%.

As of September 30, 2026, the company has 320 depository participants (DPs), supported by 53,846 service centres. Its market share in beneficial owner (BO) accounts was 17.2% this quarter, against 17.6% a year earlier. On a half-yearly basis, however, it rose from 16.6% to 17.4%.

The company added 15.6 lakh new BO accounts in the quarter, and 17.8 lakh accounts came in overall. The total number of BO accounts is now 4.72 crore. Its market share in unlisted shares is 72.5%. In the quarter, 3,197 companies joined the platform, taking the total number of issuers to 1,18,679. NSDL holds 85.8% of total demat assets, of which individual investors and HUFs account for 66.3%.

The company has also launched several new initiatives. A new platform, Demat 2.0, will support tokenised securities and settle in real time with the RBI's digital rupee, the CBDC. An API has been linked with the NSE to make it easier to create electronic gold receipts (EGR), digitising physical gold. An API has also been introduced for bond trading platforms, allowing accounts and holdings to be checked instantly. Companies can now also file Form 121 online from the company's website.

NSDL's payments bank is also doing well. Its RuPay NCMC smart card crossed 1.3 crore MSRTC registrations in October 2026, with more than Rs 100 crore loaded on the cards. Under a government order, the card has been in use in Maharashtra since September 1 for concessional bus travel. The bank has also entered the top 34 banks in UPI. Customers rose 1.6 times from 33.5 lakh to 54.3 lakh, and deposits rose from Rs 271.5 crore to Rs 378.1 crore.

KYC entries at NDML have reached 2.06 crore. There were 53 crore transactions, valued at Rs 13,036 crore. From October 1, 2026, SEZ Online has been linked with the RBI. About 1,000 importers and exporters use IMEXIO. A new company for insurance, NIRSL, has been launched, and 1.75 crore e-insurance accounts have been opened so far.