National Securities Depository

NSDL reported a subdued Q4 FY26 with standalone revenue growth of only 2.4% YoYCurrent reported value: 2.4% YoY. No comparable prior figure is available in the source record. to ₹170.6 crore, reflecting weak capital market activity amid geopolitical headwinds and a sharp Nifty decline. PAT grew 5.2% YoYCurrent reported value: 5.2% YoY. No comparable prior figure is available in the source record. to ₹79.7 crore, aided by cost control. Full-year standalone PAT rose 12.1%Current reported value: 12.1%. No comparable prior figure is available in the source record. to ₹360.6 crore. The company gained incremental demat account market share of 15.4%Current reported value: 15.4%. No comparable prior figure is available in the source record. for FY26 (vs 9.6% in Q4 FY25), driven by fintech DP onboarding and digital initiatives. Management guided for elevated technology capex in FY27 (similar to FY26) before tapering, and expects operating leverage to improve. Key risk: regulatory interventions in subsidiaries (payments bank, insurance repository) could pressure growth.