Technology capex to remain elevated in FY27
Management expects technology capex in FY27 to be similar to FY26 levels (~₹106 crore), with a decline expected from FY28 onwards.
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National Securities Depository · forward-looking guidance across the available source record.
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What management said would happen.
capex
Employee cost growth to moderate
After peak additions in FY26, FY27 will see much lower headcount growth, with focus on productivity and automation.
Operating leverage to improve as investments scale
As technology and digital initiatives mature, the inherent operating leverage in the business model is expected to strengthen financial outcomes.