CDSL lifts quarterly profit 24% to ₹173.9 crore on account growth
India's CDSL reported a 24% rise in second-quarter net profit and 23.7% revenue growth, with demat accounts up about 17% year on year. Source: TradingView.
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what happened
India's Central Depository Services (CDSL) posted a 24% year-on-year rise in second-quarter net profit to ₹173.9 crore, up from ₹140.2 crore a year earlier, according to TradingView. Revenue climbed 23.7% to ₹395 crore, EBITDA reached ₹229 crore, and the EBITDA margin improved to 58% from 56%.
About 75 lakh new demat accounts were opened during the quarter, and the account base grew roughly 17% year on year. Assets under custody crossed ₹89 lakh crore. Managing Director and CEO Nehal Vora linked the growth to continued participation in India's securities market despite global macroeconomic volatility.
CDSL shares closed 1.48% lower at ₹1,263 on the NSE on October 30.
why it matters
For markets, the results show that the infrastructure behind India's equity market is still in demand. The depository's revenue depends largely on account numbers and assets under custody, so strong growth in both matters for its fee income, even though the stock fell on the day.
market impact
CDSL: growth in accounts and custody assets supports the depository's fee income
tags
instruments
sources
- CDSL Q2 results: Profit grows 24% to ₹174 crore; demat account base expands 17% YoY — TradingView, 31 October 2026 at 09:33 UTC
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