National Securities Depository (544467) Q2 24/25 earnings summary

Executive summary

• Consolidated and standalone financial results for the six months ended September 30, 2024, were audited and found to present a true and fair view in accordance with Ind AS 34 and regulatory requirements.

• The group includes subsidiaries NSDL Database Management Limited, NSDL Payments Bank Limited, and associate India International Bullion Holding IFSC Limited.

Financial highlights

• Consolidated total income for the six months ended September 30, 2024, was ₹75,019.69 lakh, up from ₹67,085.49 lakh year-over-year.

• Net profit after tax for the consolidated group was ₹23,305.26 lakh, compared to ₹17,013.33 lakh for the same period last year.

• Standalone net profit after tax was ₹16,838.17 lakh, up from ₹13,205.09 lakh year-over-year.

• Basic and diluted EPS (consolidated) for the six months was ₹8.70, compared to ₹6.49 year-over-year.

Outlook and guidance

• Management believes it has a strong case in ongoing legal matters and has not made provisions for potential liabilities.

• The impact of recent changes in capital gains taxation has been recognized in the current quarter.