CDSL Q2 FY25 Earnings Results: Profits Soar with Record Demat Growth, Shares Surge Over 6%

Central Depository Services Ltd (CDSL), India’s largest depository, reported a remarkable 48.8% increase in net profit for Q2 FY2024, totalling ₹162 crore compared to ₹108 crore in the same quarter last year. Operational revenue surged by 55.5%, reaching ₹322.3 crore, up from ₹207.3 crore a year ago, as announced in a regulatory filing.

Record Demat Accounts Added

By the close of Q2 FY25 on September 30, 2024, CDSL became the first depository to surpass 13.5 crore registered demat accounts. In Q2 alone, 1.18 crore new demat accounts were opened, setting a quarterly record for the company.

Stock Performance Following Earnings

After releasing its quarterly results, CDSL’s share price rose over 6% on October 28, 2024. The share price opened at ₹1,472.00, touching the day’s high of ₹1,518.00 at 01:13 PM.

Financial Highlights 

Revenue increased by 25% year over year, and net profit was up by 20.7%, standing at ₹162 crore. CDSL reported a 29.4% increase in Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA), reaching nearly ₹200 crore. The EBITDA margin improved by 200 basis points, totaling 62%.

Revenue from depository services grew by 25% year-over-year, while the Data Entry and Storage segment expanded by a similar amount. With the addition of 11.8 million demat accounts in Q2, CDSL’s total count reached 135 million.

About Central Depository Services Limited

Central Depository Services Limited (CDSL) is a key institution in the capital market, supporting various participants like exchanges, clearing corporations, depository participants (DPs), issuers, and investors. It helps hold securities in digital form (dematerialised) and enables secure transactions for these securities.

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