Central Depository Services (India) Limited (CDSL), Asia’s first and only listed depository, announced its audited consolidated and standalone financial results for the nine months and quarter ended December 31, 2021. Its net profit rose 55% to ₹83 crore as compared to ₹54 crore in the same quarter last year.
The total income for the quarter under review rose 58% to ₹163 crore from ₹103 crore in the year-ago quarter.
It had posted a net profit of Rs 54.03 crore in the same quarter of the preceding fiscal, Central Depository Services (India) Limited (CDSL) said in a statement. The company’s total income rose 58% to ₹162.93 crore in the quarter under review, from ₹103.2 crore in the year-ago period.
CDSL became the first depository to register five crore Demat accounts in November 2021. Around 91 lakh demat accounts were opened in Q3FY22, the highest ever quarterly addition (Q3FY21 – 28 lakhs). Value of Securities in Demat Custody (in crores) increased to 36.94 lakh crore as of December 31, 2021. In the period ended December 31, 2021, your company through its subsidiary CVL continued to generate capital market investor records under CVL and was the first and largest KYC Registration Agency (KRA) in the country.
Nehal Vora, MD & CEO said, “We are happy to present another quarter of strong performance. During the quarter, we crossed another milestone of five crore investor accounts. In this growing environment, the goal of our Company is to create and be part of a financial ecosystem that is secured and provides ease of business.
We will continue to drive our strategy and approach while delivering services that are primarily focused to be safe and dependable for all the market participants, with our core philosophy of good governance.”
