Mumbai, May 25 (IANS). The National Security Depositer Limited (NSDL), a government company preparing to bring the Initious Public Offering (IPO), released the results of the fourth quarter of FY 25 on Sunday. During this time, the company has seen an increase of about 5 percent in profits and the company has also announced dividend for investors.
NSDL said the company’s profit has increased by 4.77 percent to Rs 83.3 crore in the January-March period, which was Rs 79.5 crore in the fourth quarter of FY 24.
The total income of NSDL in the review period has increased by 9.94 percent to Rs 394 crore, which was Rs 358 crore in the same period last year.
In the entire financial year 2024-25, the net profit of deposits has increased by 24.57 percent to Rs 343 crore. Also, the total income has increased by 12.41 percent to Rs 1,535 crore on an annual basis.
The company’s board of directors recommends final dividend of Rs 2 per equity share for FY 2024-25, which is under the approval of shareholders.
NSDL plays an important role in the Indian financial system by facilitating the convenience of keeping and transferring securities.
Its demat account holders are spread over 99 percent of India’s PIN code and 186 countries around the world.
NSDL has reduced the size of the issue before its IPO. Now this offer includes 5.01 crore shares, which is initially less than 5.72 crore shares written in its draft prospectus.
The IPO is a completely offer-for-cell (OFS), in which the stake is being sold by the current shareholder including the National Stock Exchange of India (NSE), State Bank of India (SBI) and HDFC Bank.
Being OFS, all the money collected by the issue will go to the shareholders of the company.
-IANS
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