CALCULATE YOUR SIP RETURNS

CDSL Share Price Drop 9% After Q3 FY25 Results

Written by: Kusum KumariUpdated on: Jan 27, 2025, 5:06 PM IST
CDSL share price fell 9% after a 26% drop in income for Q3 FY25. Despite this, net profit rose 21%, and the company reached 14.65 crore demat accounts by Dec 2024.
CDSL Share Price Drop 9% After Q3 FY25 Results
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Central Depository Services (India) Ltd (CDSL) share price dropped sharply on Monday, continuing a 2-day decline. The stock fell by 9.45%, reaching a low of ₹1,358.35.

Share Price Performance

As of 12:52 AM, CDSL share price is currently priced at ₹1,364.50, reflecting a decline of ₹135.75 (9.05%) today. Over the past 5 days, the stock has fallen by ₹218.50 (13.80%), and in the past month, it has decreased by ₹413.05 (23.24%). However, in the past six months, it has risen by ₹141.50 (11.57%), and over the past year, it has gained ₹481.80 (54.58%). Over the last 5 years, the stock has surged by ₹1,236.40 (965.18%).

Q3 FY25 Financial Performance

The decline in CDSL’s share price follows a drop in its total income, which fell 26.27% year-on-year (YoY) to ₹298 crore for the December 2024 quarter (Q3 FY25) from ₹236 crore the previous year. However, the company’s net profit increased by 21.49% YoY, rising to ₹130 crore from ₹107 crore in the same quarter last year.

On a sequential basis, total income and profit declined by 16.99% and 19.75%, respectively.

Record Demat Accounts and New Openings

Despite the financial dip, CDSL achieved a significant milestone, becoming the first depository to register over 14.65 crore demat accounts as of December 31, 2024. During Q3 FY25, 92 lakh new demat accounts were opened.

About CDSL

CDSL is a depository registered with the market regulator SEBI. It was established to provide a secure, convenient, and cost-effective depository service for market participants. CDSL plays a key role in the Indian market infrastructure, enabling the electronic holding and transaction of securities and facilitating trade settlements. The company offers services to a wide range of capital market entities, including depository participants, issuers, investors, and exchanges.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 27, 2025, 12:57 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2.5 Cr+ happy customers