NEW DELHI: The National Securities Depository Ltd (NSDL) posted a 29.82 per cent increase in its consolidated net profit, for the quarter ending December 2024. This marks a major rise, reaching Rs 85.8 crore from the Rs 66.09 crore profit recorded during the corresponding period last year.
The depository’s total income grew by 16.2 per cent to Rs 391.21 crore in Q3 FY25, against Rs 336.67 crore in the corresponding quarter of the previous financial year, the company said in a statement on Monday.
For the nine months ending in December 2024, NSDL registered a 32.6 per cent annual growth in net profit to Rs 259.82 crore, while total income increased by 13.3 per cent to Rs 1,141.4 crore.
The press release also said that NSDL became India’s first securities depository to cross Rs 500 lakh crore ($ 6 trillion) in assets under custody in September 2024.

Gearing up for IPO launch

The company is now preparing for its stock market debut after securing approval from the Securities and Exchange Board of India (SEBI) in October to launch an initial public offering (IPO).
The IPO will be an offer for sale (OFS) of over 5.72 crore equity shares by existing shareholders, including the National Stock Exchange of India (NSE), State Bank of India (SBI), and HDFC Bank, according to the draft red herring prospectus (DRHP). Since the issue is entirely an OFS, NSDL will not receive any proceeds from the offering.
Founded in 1996 following the introduction of the Depositories Act, NSDL, will become the country’s second publicly traded depository, once listed.