Cdsl share price: Mumbai, Jan 26: Central Depository Services (India) Limited (CDSL), India’s leading depository, reported a 21.5% surge in year-on-year net profit to Rs 130 crore in the October-December quarter of the current financial year (2024-25), compared to Rs 107 crore in the same quarter of 2023-24. However, the company’s profit declined by 38% from the previous quarter.
- Net Profit: Rs 130 crore in Q3 FY25, up 21.5% YoY, but down 38% QoQ.
- New Demat Accounts: 92 lakh added in Q3 FY25, lower than 1.18 crore in Q2 FY25.
- Demat Custody: Stood at Rs 75 lakh crore at the end of Q3 FY25, down from Rs 78 lakh crore in Q2 FY25.
- Analyst Sentiment: Six out of ten analysts have a “hold” rating on CDSL, while two have a “buy” and two have a “sell” rating.
CDSL’s revenue for the quarter reached Rs 298 crore, up from Rs 236 crore in the same period last year. The company attributed the increase in revenue to higher transaction volumes and a rise in the number of demat accounts.
Outlook:
Despite the decline in profit, CDSL remains optimistic about its future prospects. The company expects to continue benefiting from the growing interest in the Indian stock market and the increasing digitization of financial services.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investors are advised to
consult with a financial advisor before making any investment decisions.
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यह भी पढ़े: देहरादून में धूमधाम से मनाया गया गणतंत्र दिवस, जिलाधिकारी ने किया ध्वजारोहण
इ-पेपर : Divya Sandesh
