CDSL shares jump over 5%, hits 52-week high on strong Q4 earnings

By Aditya Bhagchandani Published on May 6, 2024, 13:22 IST

Shares of CDSL surged over 5% on May 6, 2024, after announcing positive results for the fourth quarter. On Saturday, Central Depository Services (India) Ltd (CDSL) said that for the quarter ended March, its net profit had doubled to ₹129 crore. During the same quarter last year, it had reported a net profit of ₹63 crore.

The total income increased from ₹144 crore in the same period last year to ₹267 crore in the March quarter of 2023-24. This is an increase of 86%.

The depository recorded a net profit of ₹420 crore for the whole fiscal year 2023-24. This is a 52% increase over the previous year. With a 46% increase, the total income in the fiscal year 2024 was ₹907 crore.

As of 1:20 pm, the shares were trading 3.78% higher at ₹2,158.15 on the National Stock Exchange.

Aditya Bhagchandani

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