Central Depository Services Ltd (CDSL) shares rose by more than 5% on Monday, driven by the company’s strong Q2 FY2024 results. The leading depository reported a substantial 48.8% year-on-year (YoY) growth in net profit, reaching ₹162 crore for the quarter ending September 30, 2024, compared to ₹108 crore in the same period last year.
CDSL also witnessed a 55.5% jump in revenue from operations, climbing to ₹322.3 crore, up from ₹207.3 crore in the previous fiscal. This impressive financial performance underscores CDSL’s robust growth trajectory, solidifying its position as a key player in India’s depository services sector.
As of 9:23 am, CDSL shares were trading 5.21% higher at Rs 1,492.95 on the NSE.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making investment decisions.
