| Revenue growth | Consolidated income up to ₹341 Cr from ₹295 Cr YoY. |
|---|---|
| Margins | Pressure from KYC price caps partially offset by higher fetch volumes. |
| Demand visibility | Strong retail participation; 58 lakh new demat accounts opened this quarter. |
| Management confidence | Balanced; focused on long-term infrastructure stability over quarterly fluctuations. |
Growth
Consolidated income grew to ₹341 Cr; standalone profit dipped slightly to ₹144 Cr vs ₹152 Cr YoY.
Outlook
CVL revenue of ₹50 Cr; 18.59 crore total demat accounts as of June 30, 2026.
Risks
Regulatory pricing pressure on KYC charges and increased technology/employee spending to maintain infrastructure resilience.
Last quarter's promises, checked
Delivered
- Guided 18.01cr demat accounts -> delivered 18.59cr (= BEAT)
- Guided platform readiness for large IPOs -> delivered supported 58L new accounts (= BEAT)
Partly delivered
- Guided technology spend to overtake human cost -> delivered higher tech opex but margins pressured (= PARTIAL)
Missed
- Guided CVL FY26 revenue INR 182cr -> delivered Q1 run-rate implies MISS due to 20-75% price cuts (= MISS)
Earnings Call Transcript filed with NSE, NSE: CDSL. Summary written with AI assistance from the document.
Central Depository Services (India) Ltd: key numbers
- Share price
- ₹1,318.00
- Market cap
- ₹27,546 Cr
- Revenue (annual)
- ₹1,145 Cr
- Net profit (annual)
- ₹456.1 Cr
- P/E (TTM)
- 58.5×Sector 22.0×
- Promoter holding
- 15.00%+0.00% QoQ
- FII holding
- 8.24%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Central Depository Services (India) Ltd
All →Central Depository Services (India) Management Change
CDSL appoints Kinjal Shah as CTO effective September 22, 2026, succeeding Amit Mahajan. Shah brings 25 years of experience from NSE, L&T, and J.P. Morgan.
Central Depository Services (India) Merger & Restructuring Worth ₹9.2 Cr
CDSL has subscribed to the second tranche of shares in India International Bullion Holding IFSC Limited (IIBHL) for ₹9.20 Crore, securing a 20% equity stake.
- Value
- ₹9.20 Cr
Central Depository Services (India) Investor Presentation: Key Takeaways
CDSL reports solid Q1FY27 performance with Standalone Operating Income of ₹247 crore and Consolidated Net Profit of ₹118 crore. Strategy focuses on digitizing India's securities infrastructure and expanding depository services.
Central Depository Services (India) Q1 FY27 Results: Net Profit ₹117.7 Cr, Up 14.9% YoY
Central Depository Services (India) Ltd reported revenue from operations of ₹292.8 Cr (+13.1% YoY) and net profit of ₹117.7 Cr (+14.9% YoY) for Q1 FY27.
- Key figure
- Net profit ₹117.7 Cr · +14.9% YoY
Central Depository Services (India) Earnings Call: Key Takeaways
CDSL reported FY26 standalone total income of ₹1,096 crores and PAT of ₹468 crores. Focus remains on technology-led scalability and deepening investor participation across India.
Central Depository Services (India) Earnings Call: Key Takeaways
CDSL reports solid growth in demat accounts despite market volatility, crossing 18 crore accounts. Profitability is being challenged by heavy technology spends which now exceed human resource costs.