Key Quantitative Figures - Standalone (₹ in Lakhs)

Income:

  • Revenue from operations: ₹18,216.24 (Q1 FY2027) vs ₹16,095.80 (Q1 FY2026)
  • Other income: ₹3,750.37 (Q1 FY2027) vs ₹2,948.54 (Q1 FY2026)
  • Total Income: ₹21,966.61 (Q1 FY2027) vs ₹19,044.34 (Q1 FY2026)

Expenses:

  • Employee benefits expense: ₹3,468.34
  • Depreciation and amortization: ₹955.30
  • Finance cost: ₹3.44
  • Contribution to investor protection fund: ₹388.08
  • Other expenses: ₹5,421.79
  • Total Expenses: ₹10,236.95

Profitability:

  • Profit before tax: ₹11,729.66
  • Tax expenses: ₹2,816.22 (Current tax: ₹2,563.21, Deferred tax: ₹253.01)
  • Profit after tax: ₹8,913.44
  • Other Comprehensive Income (net of tax): (₹173.38)
  • Total Comprehensive Income: ₹8,740.06

Capital Structure:

  • Paid-up Equity Share Capital: ₹4,000.00 (Face value per share ₹2 each)
  • Basic and Diluted Earnings per share (₹): 4.46 (not annualized)

Key Quantitative Figures - Consolidated (₹ in Lakhs)

Income:

  • Revenue from operations: ₹51,662.57 (Q1 FY2027) vs ₹31,204.32 (Q1 FY2026)
  • Other income: ₹4,386.61
  • Total Income: ₹56,049.18

Expenses:

  • Employee benefits expense: ₹5,400.24
  • Depreciation and amortization: ₹1,449.70
  • Finance cost: ₹170.16
  • Contribution to investor protection fund: ₹388.08
  • Other expenses: ₹35,777.84
  • Total Expenses: ₹43,186.02

Profitability:

  • Profit before tax and share of profit/(loss) of investment: ₹12,863.16
  • Share of Profit of Associate: ₹20.87
  • Profit before tax: ₹12,884.03
  • Tax expenses: ₹3,053.53 (Current tax: ₹2,831.24, Deferred tax: ₹219.76, Taxes related to earlier years: ₹2.53)
  • Net Profit after tax: ₹9,830.50
  • Attributable to Owners of the Parent: ₹9,818.79
  • Attributable to Non-controlling interests: ₹11.71
  • Other Comprehensive Income (net of tax): (₹262.35)
  • Total Comprehensive Income: ₹9,568.15
  • Attributable to Owners of the Parent: ₹9,558.20
  • Attributable to Non-controlling interests: ₹9.95

Capital Structure:

  • Paid-up Equity Share Capital: ₹4,000.00 (Face value per share ₹2 each)
  • Basic and Diluted Earnings per share (₹): 4.91 (not annualized)

Legal Case - Karvy Matter

The Holding Company has preferred two civil appeals before the Hon'ble Supreme Court challenging the Order of the Securities Appellate Tribunal (SAT) dated December 20, 2023 ("SAT Order") in the matter of Karvy Stock Broking Ltd ("Karvy").

Background: The SAT Order directed SEBI, NSE, and NSDL to:

1. Permit Axis Bank (one of the lenders to Karvy) to invoke the shares pledged in its favor by Karvy, as available in the Demat account.

2. Restore the pledge of shares in favor of other Banks & NBFCs; or compensate them with the value of underlying securities which were pledged by Karvy in their favor, along with interest.

Financial Exposure: A SEBI order issued on December 13, 2019, recorded that the total dues payable to the Banks & NBFCs by Karvy amounted to approximately ₹1,435.05 crores. The amount of Karvy's current outstanding dues is not known.

Current Status: SEBI and NSE have also independently filed appeals. The Hon'ble Supreme Court granted interim relief to the appellants (SEBI, NSE, and NSDL) on January 18, 2024, and has extended this interim order during subsequent hearings. The next date of hearing is awaited.

Management's View: The company maintains that its actions of releasing the pledge and returning securities to Karvy's clients were strictly per SEBI's Interim Order and under NSE's supervision. Management believes the company cannot be held liable and has a strong case on merits. No provision has been made in the books as the potential financial obligation cannot be reliably estimated at this stage.

Segment Reporting (Consolidated) (₹ in Lakhs)

Revenue:

  • Depository: ₹18,213.83
  • Database management services: ₹2,064.67
  • Banking services: ₹31,384.07
  • Total Revenue: ₹51,662.57

Segment Results:

  • Depository: ₹8,000.99
  • Database management services: ₹315.92
  • Banking services: ₹329.84
  • Total Segment Results: ₹8,646.75
  • Add: Other unallocable income net of unallocable expense: ₹1,455.46
  • Operating Profit: ₹10,102.21
  • Add: Interest income: ₹2,951.98
  • Less: Finance cost: ₹170.16
  • Profit before Tax: ₹12,884.03

Subsidiary Update - Insurance Repository Business

NSDL Database Management Limited (a subsidiary) was advised by IRDAI to convert its Strategic Business Unit (SBU) for insurance repository services (NSDL National Insurance Repository Services - NIR) into a separate subsidiary company. After multiple representations and extensions, IRDAI finally advised compliance by December 2026.

Actions Taken: During the quarter, the Board of Directors approved the incorporation of a wholly owned subsidiary for this business. The subsidiary has initiated the implementation process, including preparing a Scheme of Demerger, obtaining an independent valuation, and seeking necessary regulatory approvals.

NIR Financials (Q1 FY2027):

  • Revenue: ₹145.36 lakhs
  • Profit: ₹2.29 lakhs

Management considers NIR operations not to represent a major line of business, hence separate disclosure under Ind-AS 105 was not made.

Dates and Approvals

  • Board Meeting Date: July 30, 2026
  • Financial Period: Quarter ended June 30, 2026 (Q1 FY2027)
  • Filing Date with Exchange: July 31, 2026
  • Results reviewed by Audit Committee and approved by Board of Directors

Additional Information

  • The figures for the corresponding previous period have been regrouped and rearranged for comparability.
  • The company's main business is providing depository services with no separate reportable operating segments.
  • These financial results are available on the company's website (https://nsdl.com) and the stock exchange website (www.bseindia.com).