{"id":290734,"date":"2026-10-06T17:37:09","date_gmt":"2026-10-06T12:07:09","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=290734"},"modified":"2026-10-06T17:37:09","modified_gmt":"2026-10-06T12:07:09","slug":"cdsl-nsdl-q2-earnings-preview-ipo-buzz-demat-accounts-what-investors-should-know","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/cdsl-nsdl-q2-earnings-preview-ipo-buzz-demat-accounts-what-investors-should-know\/","title":{"rendered":"CDSL NSDL Q2 Earnings Preview: Can IPO Buzz Boost the Depositories’ Results, Demat Account Additions, the Q1 FY27 Base, Valuation and What Investors Should Know Before the Numbers"},"content":{"rendered":"

CDSL Q1 FY27: consol. profit Rs 118 cr (+15.7%), 58 lakh new demat accounts, 18.59 cr total. NSDL Q1: consol. profit Rs 98.3 cr (+9.7%), 12.4 lakh net adds.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

CDSL NSDL Q2 earnings will show whether IPO buzz is lifting the two depositories, and the evidence so far is mixed: CDSL’s Q1 FY27 consolidated profit rose 15.7% to Rs 118 crore on 58 lakh new demat accounts, but its standalone profit fell 5.3% to Rs 144 crore on lower subsidiary dividends and EPS missed estimates by about 21%. NSDL’s consolidated profit rose 9.7% to Rs 98.3 crore on 66% revenue growth, with operating margin dropping to 16.4% from 26.8%. IPO buzz helps through new demat accounts and issuer charges, but it is only part of revenue, and Q2 FY26 is a high base because CDSL opened over 65 lakh accounts in that quarter. So investors should watch account additions, market share and margins, not the IPO headlines alone, since the Rs 37,000 crore Jio IPO falls in Q3.<\/p>\n<\/p><\/div>\n

CDSL NSDL Q2 earnings are due after the quarter ended 30 September, and the dates are not confirmed in my sources. The depositories are called capital market toll roads because they earn on accounts, transactions and issuers.<\/p>\n

If you hold CDSL or NSDL or are watching the capital market theme, this article covers what drives depository revenue including issuer charges, the Q1 FY27 numbers (Rs 118 crore profit at CDSL with 58 lakh new accounts and 18.59 crore in total, and Rs 98.3 crore at NSDL with 4.56 crore accounts), market share and operating margin, how IPO activity and the Jio IPO help, the Q2 base, the CDSL share price and NSDL share price valuation, demat account additions, the risks and what to watch in the CDSL NSDL Q2 earnings results.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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