IPO-bound NSDL posts 5% rise in net profit to Rs 83 cr in Mar quarter

IPO-Bound NSDL Reports over 4.5% Rise in Q4 Net Profit to Rs 83 Crore.

Expert Analysis :

• Q4 Profit Growth: NSDL reported a 4.77% YoY rise in Q4 FY25 consolidated net profit to Rs 83.3 crore (from Rs 79.50 crore in the same quarter of the preceding fiscal).

• Q4 Revenue Performance: Total income rose 9.94% to Rs 394 crore, up from Rs 358 crore in Q4 FY24.

• Full-Year Financials: For FY25, net profit surged 24.57% to Rs 343 crore, and total income increased 12.41% to Rs 1,535 crore.

• Dividend Declaration: A final dividend of Rs 2 per share has been recommended for FY25, subject to shareholder approval.

• Operational Reach: NSDL enables holding and transfer of securities in demat form, with presence in over 99% of Indian pin codes, 186 countries, and 63,000+ service centres across all states and Union territories in FY24.

• IPO Size Reduction: IPO size reduced to 5.01 crore shares from 5.72 crore as per the updated draft red herring prospectus.

• IPO Structure: The IPO consists entirely of an offer-for-sale (OFS); NSDL will not receive any proceeds from it.

• Listing Extension & Market Position: SEBI has extended NSDL’s share listing deadline to July 31, 2025; it will become India’s second publicly traded depository after CDSL, listed in 2017.

• SEBI Compliance Requirement: To meet SEBI’s 15% ownership cap, IDBI (26.10%) and NSE (24%) must reduce their stakes in NSDL.