National Securities Depository (544467) Q3 24/25 earnings summary

Executive summary

• Consolidated and standalone financial results for the quarter and nine months ended December 31, 2024, were audited and approved by the Board on January 31, 2025.

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

Financial highlights

• Consolidated revenue from operations for the quarter was ₹36,255.03 lakh, up from ₹31,369.76 lakh in the same quarter last year; nine-month revenue was ₹1,05,654.60 lakh, up from ₹93,419.63 lakh year-over-year.

• Consolidated net profit after tax for the quarter was ₹8,580.40 lakh, compared to ₹6,609.12 lakh in the prior year quarter; nine-month net profit was ₹25,982.72 lakh, up from ₹19,594.07 lakh year-over-year.

• Standalone revenue for the quarter was ₹14,828.55 lakh, and net profit after tax was ₹7,747.71 lakh; nine-month standalone net profit was ₹19,073.61 lakh.

• Basic and diluted EPS (consolidated) for the quarter was ₹4.29, up from ₹3.30 in the prior year quarter; nine-month EPS was ₹12.99, up from ₹9.80 year-over-year.

Outlook and guidance

• Management believes it has a strong case in the ongoing Karvy Stock Broking litigation and, based on legal opinion, has not made any provision for potential liabilities.