12 August 2024
Financial Developments
NSDL demonstrated a robust financial performance in FY24, with a marked increase of 15.6% in revenue from operations, which reached ₹473.06 Cr, up from ₹409.17 Cr in the previous fiscal year. The company's Profit After Tax (PAT) also witnessed substantial growth of 22.4%, amounting to ₹258 Cr, which underscores its financial resilience and strategic focus on profitability. EBITDA margin stood at 59.5%, highlighting efficient operational management.
Operational Developments
Operationally, NSDL continued to lead in technological innovation within the securities market. A significant milestone was the implementation of the T+0 settlement cycle, positioning India as the first nation to introduce this system on a beta basis. This move is expected to reduce counterparty risk and enhance liquidity in the market. NSDL also launched several new products and services, such as the Digital Loans Against Securities (Digital LAS) platform, which provides a secure and convenient way for investors to pledge securities held in their demat accounts.
The company further enhanced its digital infrastructure with the introduction of blockchain-based Distributed Ledger Technology (DLT) platforms like ‘DeLiTe’, aimed at improving the lifecycle management of corporate bonds. Additionally, NSDL has been proactive in investor education, reaching out to over 1.35 lakh investors through various awareness programs, reflecting its commitment to enhancing financial literacy.
