Shares of Central Depository Services (India) Ltd (CDSL) surged over 9% in trading today, driven by strong volumes. As of 1 PM, the shares were trading 8.77% higher at Rs 1,663.80.
The stock opened at ₹1,533.40 and hit an intraday high of ₹1,670.00, before moving in a range with a low of ₹1,531.10. Despite today’s rally, the stock remains below its 52-week high of ₹1,989.80, recorded earlier in the financial year. It is, however, well above its 52-week low of ₹917.62.
CDSL Q4 results
Central Depository Services (India) Ltd (CDSL) reported a 23% year-on-year decline in net profit to ₹100 crore for Q4, as its core depository services business underperformed. Revenue dropped 19.3% sequentially to ₹224.4 crore, with the depository segment alone falling 18% quarter-on-quarter, raising concerns about long-term growth.
EBITDA stood at ₹109.35 crore, down 32% from the previous quarter, while margins contracted sharply to 48.73% from 57.79% in Q3 FY24.
Retail investor activity also showed signs of slowing. Net new demat account openings fell 30% to 64 lakh in Q4, compared to 92 lakh in the prior quarter. The total value of demat custody declined to ₹71 lakh crore from ₹75 lakh crore, reflecting reduced market participation.
Despite the subdued performance, CDSL’s board declared a dividend of ₹12.5 per share, offering some relief to shareholders.
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