Central Depository Services clocks 21.5% rise in Q3 net
Central Depository Services (India) Ltd (CDSL), the country’s largest depository, has reported a 21.5 per cent surge in year-on-year net profit to Rs130 crore in the October-December quarter of the current financial year (2024-25)
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Mumbai: Central Depository Services (India) Ltd (CDSL), the country’s largest depository, has reported a 21.5 per cent surge in year-on-year net profit to Rs130 crore in the October-December quarter of the current financial year (2024-25), compared to Rs107 crore in the same quarter of 2023-24. The total revenue of the country’s largest depository service company for the third quarter went up to Rs298 crore, from Rs236 crore in Q3FY24. The company had raked in a revenue of Rs359 crore in Q2FY25. CDSL announced that it has become the first depository to register over 14.65 crore demat accounts as of December 31, 2024. During the October-December quarter of the current financial year around 92 lakh new demat accounts were opened. CDSL is India’s leading depository for holding and transacting securities electronically. It also facilitates the settlement of trades on stock exchanges. In the March-ended quarter of FY24, CDSL registered a record 1.09 crore Demat accounts taking the total number of these accounts past the 11.56 crore mark at the time. The number of Demat accounts in aIndia has been growing steadily, even during periods of market uncertainty.
