https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

NSDL Reports 30% Rise in Q3 Net Profit, Sets Sights on IPO

The depository's total income for the October-December quarter rose by 16.2%, reaching Rs 391.21 crore, up from Rs 336.67 crore in the corresponding quarter of FY24.
Indian Masterminds Stories

National Securities Depository Ltd (NSDL), India’s leading depository, announced a 30% increase in its consolidated net profit for the third quarter of FY25. For the three months ending December 2024, NSDL’s net profit surged to Rs 85.8 crore, compared to Rs 66.09 crore in the same period last year.

The depository’s total income for the October-December quarter rose by 16.2%, reaching Rs 391.21 crore, up from Rs 336.67 crore in the corresponding quarter of FY24.

For the nine months ending December 2024, NSDL saw a remarkable 32.6% year-on-year growth in net profit, totaling Rs 259.82 crore. The total income during this period also grew by 13.3%, amounting to Rs 1,141.4 crore.

NSDL made headlines in September 2024 when it became the first Indian securities depository to reach a milestone of Rs 500 lakh crore (USD 6 trillion) in assets held in custody. This significant achievement underscores the depository’s growing influence in India’s financial markets.

In October 2024, NSDL received approval from the Securities and Exchange Board of India (SEBI) to launch its long-anticipated Initial Public Offering (IPO). The proposed IPO is a complete offer for sale (OFS), with over 5.72 crore equity shares to be sold by existing shareholders, including the National Stock Exchange (NSE), State Bank of India (SBI), and HDFC Bank, according to the draft red herring prospectus (DRHP). Notably, NSDL will not receive any proceeds from the IPO, as it is a pure offer for sale.

Once listed, NSDL will become the second publicly traded depository in India, following Central Depository Services Ltd (CDSL), which went public on the NSE in 2017. This move is expected to further strengthen NSDL’s position in India’s securities and financial markets, enhancing its transparency and accountability to investors.


Indian Masterminds Stories
Related Stories
NEWS
psuwatch_2024-11-04_ur2eppwp_NTPC-ONGC
ONGC NTPC Green Completes Ayana Acquisition for Rs 6,248.50 Crore
Power Grid
Power Grid Board Approves Rs 673-Crore Investment for Transformer Converter Purchase
750x450_859980-ddnhd
Amaraesh Pujari, IPS Officer Who Foretold Jayalalithaa’s Conviction, Retires
Leopard  Dogs
Fearless Dog Stares Down Leopard, Wins the Standoff in Viral Video
IREDA logo 1
IREDA Secures Rs 1,476 Crore ECB from SBI Tokyo to Boost Renewable Energy Funding
BHEL_resized
BHEL Secures EPC Contract for Supercritical Thermal Plant in Chhattisgarh
GAIL PSU
GAIL’s Gas Transport Tariff Set for 35% Hike, Boosting Earnings by Rs 3,400 Crore
SECL
SECL Employees Honored for Contributions to India's 1 Billion Tonne Coal Production Milestone
Videos
Sajjan Yadav, IAS
The Policy Maker Who Turned India’s Vaccine Story and UPSC Struggles into Bestsellers
WhatsApp Image 2025-03-21 at 14.33
Training The Cops In Mastering The Technology Used By Criminals
IAS Ayush Prasad
This IAS Officer Dreams of Making Jalgaon a $25 Billion Economy in Four Years
ADVERTISEMENT
Latest
psuwatch_2024-11-04_ur2eppwp_NTPC-ONGC
ONGC NTPC Green Completes Ayana Acquisition for Rs 6,248.50 Crore
Power Grid
Power Grid Board Approves Rs 673-Crore Investment for Transformer Converter Purchase
ADVERTISEMENT
Videos
Sajjan Yadav, IAS
WhatsApp Image 2025-03-21 at 14.33
IAS Ayush Prasad
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT