Board Meeting Details

The Board of Directors meeting was held on Thursday, July 30, 2026, from 2:30 p.m. to 5:30 p.m. IST. The Board approved:

  • Unaudited (Standalone and Consolidated) Financial Results for quarter ended June 30, 2026
  • Convening of 14th Annual General Meeting on Tuesday, September 22, 2026, at 11:30 A.M IST through Video Conferencing or other Audio-Visual Means
  • Fixation of September 11, 2026, as Record Date for AGM
  • Appointment of M/s. Mihen Halani & Associates (COP No.: 12015) as Scrutinizer for e-voting process

Standalone Financial Results (₹ in Lakhs)

Income Statement Q1 FY27 (Quarter ended June 30, 2026):

  • Revenue from operations: ₹18,216.24 (vs. ₹16,095.80 in Q1 FY26)
  • Other income: ₹3,750.37 (vs. ₹2,948.54 in Q1 FY26)
  • Total Income: ₹21,966.61 (vs. ₹19,044.34 in Q1 FY26)

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 (vs. ₹10,951.37 in Q1 FY26)
  • Tax expenses: ₹2,816.22 (Current tax: ₹2,563.21, Deferred tax: ₹253.01)
  • Profit after tax: ₹8,913.44 (vs. ₹8,262.85 in Q1 FY26)
  • Other Comprehensive Income (net of tax): (₹173.38)
  • Total Comprehensive Income: ₹8,740.06

Per Share Data:

  • Basic and Diluted EPS: ₹4.46 (vs. ₹4.13 in Q1 FY26)
  • Paid-up Equity Share Capital: ₹4,000.00 (Face value ₹2 per share)

Consolidated Financial Results (₹ in Lakhs)

Income Statement Q1 FY27:

  • Revenue from operations: ₹51,662.57 (vs. ₹31,204.32 in Q1 FY26)
  • 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, Non-controlling interests: ₹11.71
  • Other Comprehensive Income (net of tax): (₹262.35)
  • Total Comprehensive Income: ₹9,568.15

Per Share Data:

  • Basic and Diluted EPS: ₹4.91 (vs. ₹4.48 in Q1 FY26)
  • Paid-up Equity Share Capital: ₹4,000.00

Segment Information

The Group has three reportable segments:

Quarter ended June 30, 2026 (₹ in Lakhs):

  • Depository: Revenue ₹18,213.83, Segment Results ₹8,000.99
  • Database management services: Revenue ₹2,064.67, Segment Results ₹315.92
  • Banking services: Revenue ₹31,384.07, Segment Results ₹329.84

Legal Contingency - Karvy Matter

The Holding Company has preferred two civil appeals before the Supreme Court challenging the SAT Order dated December 20, 2023, in the Karvy Stock Broking Ltd matter. SEBI's order recorded total dues payable to Banks & NBFC by Karvy at approximately ₹1,435.05 crores. The Supreme Court granted interim relief to appellants (SEBI, NSE, and NSDL) on January 18, 2024, with the order extended during subsequent hearings. Next hearing date is awaited. Management maintains that NSDL's actions were as per SEBI's Interim Order and under NSE supervision, and believes the company has a strong case. No provision has been made in the books as the outcome cannot be reliably estimated.

Subsidiary Update - IRDAI Compliance

NSDL Database Management Limited was advised by IRDAI to convert its Insurance Repository SBU into a separate subsidiary by December 2026. During the quarter, the Board approved incorporation of a wholly owned subsidiary for this business. The subsidiary recorded revenue of ₹145.36 lakhs and profit of ₹2.29 lakhs for Q1 FY27. Management considers this not a major line of business, so separate disclosure under Ind-AS 105 was not made.

Auditor Review

The financial results were reviewed by K. C. Mehta & Co. LLP, Chartered Accountants, who issued an unmodified review report. The auditors did not review financial results of two subsidiaries (total revenues ₹33,469.52 Lakhs, net profit ₹896.20 Lakhs) and an associate (share of profit ₹20.87 Lakhs), relying on other auditors' reports.

Additional Information

  • Figures for previous periods have been regrouped for comparability
  • The statement includes consolidated results of NSDL Database Management Limited, NSDL Payments Bank Limited, and share of profit from India International Bullion Holding IFSC Limited