National Securities Depository Ltd (544467) — concall transcript | 30 June 2026

NSDL reported strong Q1 FY27 growth with standalone revenue up 15.3% YoY to INR219.7 crores and PAT up 7.9% to INR89.1 crores, while consolidated revenue surged 61.6% YoY to INR560.5 crores and PAT rose 9.7% to INR98.3 crores. Management highlighted 17.6% YoY market share growth in net demat additions (12.4 lakh new accounts), 4.56 crore total accounts, and strategic moves like zero settlement charges for youth and women's plans and a 20% stake in IIBH. Operational metrics showed 15% YoY growth in pledge accounts and stable KYC revenue despite fee cuts, driven by volume expansion. The company emphasized technology modernization, fintech partnerships, and market penetration through new DPs and youth-focused initiatives, with 21 DPs onboarded in the quarter and DLT charges emerging as a new revenue stream.