Central Depository Services Limited (CDSL) reported a mixed set of numbers for the fourth quarter, with net profit declining sharply even as revenue and operating performance showed growth. The company posted a net profit of Rs 80.22 crore, down 20.0% year-on-year from Rs 100.31 crore in the same period last year, indicating pressure on the bottom line despite steady business momentum.
On the revenue front, CDSL delivered a strong performance, with total income rising 17.1% YoY to Rs 262.85 crore compared to Rs 224.49 crore in the corresponding quarter. The growth reflects continued traction in India’s capital markets and sustained demand for depository services.
Operating performance remained stable, with EBITDA increasing 6.7% YoY to Rs 116.75 crore from Rs 109.43 crore a year ago. However, the improvement in EBITDA was relatively modest compared to revenue growth, leading to a contraction in margins. EBITDA margins stood at 44.4% in Q4, down from 48.7% in the same quarter last year, highlighting cost pressures and possible changes in revenue mix.