The National Securities Depository Ltd (NSDL) reported a 30 per cent increase in its consolidated net profit at Rs 85.8 crore for the October-December quarter of the financial year 2024-25 (Q3 FY25) In the same period last year, the company posted a net profit of Rs 66.09 crore. The depository’s total income also saw growth of 16.2 per cent to Rs 391.21 crore in Q3, according to its filing. The NSDL made history in September 2024 by becoming India’s first securities depository to hold assets worth Rs 500 lakh crore ($6 trillion) in custody. The number of total demat accounts increased to a record 185 million in 2024 by increasing around 46 million over the last one-year period. The company received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO) in October 2024. The proposed IPO is a complete offer for sale (OFS) of over 5.72 crore equity shares.
