NSDL Q4 FY26 profit up 8%, revenue up 26%, ₹4 dividend

What NSDL reported for the March 2026 quarter

National Securities Depository Ltd (NSDL) reported higher earnings for the quarter ended March 31, 2026, according to an exchange filing dated April 30. The central securities depository said its net profit rose 8.17 percent year on year (YoY) to ₹90.1 crore, compared with ₹83.29 crore in the same quarter of the previous financial year. The company had posted a net profit of ₹89.67 crore in the December quarter, indicating largely stable profitability quarter on quarter (QoQ).

NSDL also reported a sharp rise in operating revenue for the quarter. Revenue from operations increased 26 percent YoY to ₹458.25 crore, compared with ₹363.66 crore in the year-ago quarter. For context on sequential performance, NSDL recorded revenue of ₹359.63 crore in Q3 FY26.

Dividend announced for FY26

Along with the financial results, NSDL’s board of directors approved a dividend of ₹4 per share for FY26. The filing did not provide additional details in the provided text, such as record date or payment timelines.

The FY26 dividend decision is also notable because NSDL is relatively new to the listed space in the context provided. Separate corporate updates in the supplied material reference a final dividend recommendation of ₹2 per equity share (100%) at a board meeting held on May 23, 2025, subject to shareholder approval. Another item states NSDL had declared a final dividend of ₹2 per share in September 2025, described as its second dividend after debuting on stock exchanges.

Audited results table shows total revenue at ₹486.80 crore

In addition to revenue from operations, an audited financial results snapshot in the provided material listed “Total Revenue” for the March 2026 quarter at ₹486.80 crore. The same table showed total revenue of ₹394.35 crore in the December 2025 quarter and ₹393.78 crore in the March 2025 quarter.

The audited snapshot also provided operating profit and earnings per share (EPS) metrics for the quarter. Operating profit for Q4 FY26 was listed at ₹103.91 crore, compared with ₹107.36 crore in Q3 FY26 and ₹91.19 crore in Q4 FY25. Adjusted EPS for the latest quarter was shown at ₹4.51, up from ₹4.48 in the preceding quarter and ₹4.16 in the year-ago quarter.

Key quarterly numbers at a glance

Stock price: multiple reference points cited for April 30

NSDL’s stock was reported to have closed 0.19 percent higher on BSE at ₹880.85 on Thursday in one market update included in the input. Another line in the supplied text states: “Shares of NSDL today ended at ₹913.25, down ₹2.05 or 0.22 per cent from the previous closing of ₹915.30, on the BSE.”

The same compilation also notes that “the share price of NSDL as on 30th April 2026 is ₹895.65,” while adding that intraday prices are volatile and change through the day. Separately, past 1-week return was cited as -3.83%. Because these are presented as different market snapshots, readers should treat them as point-in-time references rather than a single consolidated closing figure.

Board meeting and trading window disclosures

Ahead of the results, NSDL had informed exchanges that a meeting of its board of directors was scheduled for Thursday, April 30, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The same agenda included consideration of a final dividend recommendation, if any, on equity shares for the year ended March 31, 2026, subject to approval of shareholders at the ensuing 14th Annual General Meeting.

NSDL also stated the trading window for dealing in the company’s securities by designated persons and connected persons (and their immediate relatives) was closed from April 1, 2026. The window was to reopen 48 hours after the announcement of financial results for Q4 and FY 2025-2026.

Conference call scheduled with ICICI Securities

The provided material also says NSDL announced a Q4 FY26 results conference call organised by ICICI Securities for Saturday, May 2, 2026, at 11:00 AM IST. The update mentions universal access through Indian phone numbers and toll-free options for participants in Singapore, Hong Kong, the UK, and the USA. The announcement was stated to be made under SEBI Regulation 30 compliance.

Other financial datapoints mentioned in the material

Beyond Q4, the input includes a reference that consolidated net profit rose 4.44% to ₹89.61 crore in the quarter ended December 2025, as against ₹85.80 crore during the previous quarter ended December 2024. Another “Spotlight” item said NSDL posted a 24% YoY rise in Q1 PAT and that demat account market share rose to 15.5%. That same item stated total expenses rose 15.4% YoY to ₹80.9 crore in Q1 FY26 and profit before tax (PBT) in Q1 FY26 was ₹109.5 crore, up from ₹86.3 crore in Q1 FY25.

An additional regulatory item said NSDL resolved violations identified during SEBI’s FY 2023-24 inspection through a settlement payment of ₹155.8 million, which is ₹15.58 crore.

Market impact: what the reported numbers signal

The Q4 filing points to a quarter where profitability improved YoY, while operating revenue expanded materially compared with the year-ago period. The audited snapshot shows net profit of ₹90.11 crore for Q4 FY26 versus ₹89.61 crore in Q3 FY26, suggesting earnings were broadly steady sequentially.

At the same time, the difference between “revenue from operations” (₹458.25 crore) and “total revenue” (₹486.80 crore) indicates there were additional income lines beyond core operations in the audited presentation. This distinction matters because investors often track operating revenue to understand the core run-rate, while total revenue includes other income that can vary across quarters.

Why the FY26 dividend matters for shareholders

The ₹4 per share dividend approved for FY26 is a direct cash return decision announced alongside the quarter’s results. The broader set of dividend references in the supplied material also shows NSDL has been communicating dividend actions since 2025, including a ₹2 per share final dividend mentioned in September 2025.

While the provided text does not include payout ratios or timelines for the FY26 dividend, the repeated inclusion of dividend consideration in board agendas signals that capital return is being handled through formal governance steps, including shareholder approval where applicable.

Conclusion

NSDL’s April 30 exchange filing showed Q4 FY26 net profit rising to about ₹90.1 crore and revenue from operations increasing to ₹458.25 crore, alongside a board-approved dividend of ₹4 per share for FY26. The company had also outlined board meeting agendas, trading window closures, and a May 2 results call as part of its compliance updates. Investors will watch subsequent disclosures for dividend logistics and any additional details that may accompany audited standalone and consolidated financial statements.