CDSL consolidated net profit rises 24 per cent to Rs 173.9 crore
The company reported a 22 per cent increase in total income for the second quarter of FY27, according to the Financial Express.
Central Depository Services (India) Limited (CDSL) saw its consolidated net profit grow by 24 per cent to Rs 173.9 crore in the second quarter of FY27. This is an increase from the Rs 140.2 crore recorded in the same quarter last year, according to the Financial Express.
The company's consolidated total income rose 22 per cent to Rs 417 crore during the quarter, up from Rs 341 crore in the year-ago period. On a standalone basis, total income grew 24 per cent to Rs 359 crore, while standalone net profit increased 28 per cent to Rs 163 crore.
For the first six months of FY27, CDSL's consolidated total income reached Rs 758 crore, a 19 per cent increase from Rs 637 crore in the previous year. Net profit for the same six-month period rose 20 per cent to Rs 291 crore.
The company opened approximately 75 lakh new demat accounts during the quarter, and its assets under custody exceeded ₹89 lakh crore. The demat account base grew by about 17 per cent year-on-year as of the end of the second quarter.
Managing Director and Chief Executive Officer Nehal Vora said that participation in India’s securities market continues to demonstrate resilience despite global macroeconomic volatility. Vora added that the continued growth in market participation drives the company to strengthen its operations and value proposition.