On Monday (February 17), NSDL reported a 30 per cent rise in its consolidated net profit to Rs 85.8 crore for three months period ended on December 31, 2024, the company said in an official release. Indian central securities depository registered a Rs 66.09 crore profit in the same period last year.
The company’s total income jumped 16.2 per cent to Rs 391.21 crore in the October-December quarter of the current financial year (FY25) in comparison with Rs 336.67 crore in the same quarter of FY24.
For the nine months ended December 2024, National Securities Depository Ltd (NSDL) posted a 32.6 per cent year-on-year growth in net profit to Rs 259.82 crore and a 13.3 per cent year-on-year increase in total income to Rs 1,141.4 crore.
NSDL is India’s first securities depository to reach Rs 500 lakh crore (USD 6 trillion) in value of assets held in custody in September 2024.
In October, NSDL received markets regulator Sebi’s nod to launch an initial public offering (IPO). The proposed IPO is a complete offer for sale (OFS) of more than 5.72 crore equity shares by shareholders, including National Stock Exchange of India (NSE), State Bank of India (SBI), and HDFC Bank, as per the draft red herring prospectus (DRHP).
Since the public issue is completely an OFS, NSDL will not receive any proceeds from the IPO.NSDL is a Sebi-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India.
Following the introduction of the Depositories Act in 1996, NSDL pioneered the dematerialisation of securities in India in November 1996. This will become the country’s second publicly traded depository to list on the bourse, after Central Depository Services (CDSL), which got listed on NSE in 2017.
With inputs from agencies
Doonited Affiliated: Syndicate News Hunt
This report has been published as part of an auto-generated syndicated wire feed. Except for the headline, the content has not been modified or edited by Doonited
