29 Jan 2026 | 3 Mins Read
NSDL shares may be pressured by Q3 results
Flipitmoney
NSDL has reported a 10.1% QoQ revenue decline and 18.8% net profit drop in Q3FY26 due to a 17% drop in its core depository segment. Digital banking emerged as a bright spot with 106.2% EBIT growth, but the low margin couldn't offset the slowdown. EBITDA margins contracted by 214 basis points to 29.8%.