NSDL Share Price Falls 5% After Q1 Revenue Decline

Market Performance

On August 13, NSDL share price slipped nearly 5% in early trade, marking its steepest single-day drop since its stock market debut. The decline came a day after the company announced its Q1 FY26 financial results.

During intraday trading, the stock touched a low of ₹1,226 apiece on the BSE.

Main News

National Securities Depository Limited (NSDL) posted mixed numbers for the April–June quarter of FY26. While profits improved, revenue took a hit.

The company’s net profit rose over 15% year-on-year to ₹89.63 crore compared to ₹77.82 crore in Q1 FY25. Expenses saw a notable reduction, falling more than 14% year-on-year to ₹228 crore.

However, revenue from operations declined 7.5% year-on-year to ₹312 crore from ₹337 crore in the same quarter last year. Sequentially, revenue dropped more than 14% from ₹364 crore reported in Q4 FY25.

Company Details

• Listing Date: August 6, 2025
• IPO Price: ₹880 per share
• Listing Price: ₹968 per share (10% premium)
• Post-listing Rally: Up to 62% from listing price; over 78% from IPO price within four sessions
• Current P/E Ratio: ~78 (vs. 49 at listing)
• Peer CDSL P/E Ratio: ~65

NSDL’s earnings per share (EPS) for Q1 FY26 improved to ₹4.48.

Summary

The NSDL share price correction comes after the release of Q1 FY26 results showing a healthy rise in net profit but a drop in revenue. Despite the short-term pullback, the stock remains significantly above its IPO price, with valuations currently higher than during its debut.