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Central Depository Services (India) (CDSL) investor relations material
Central Depository Services (India) Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary3 Nov, 2025
Executive summary
Reported total income of INR 341 crore and net profit of INR 140 crore for Q2 FY26 on a consolidated basis, both lower year-over-year due to absence of one-time dividend income seen in prior quarters.
Standalone net profit for Q2 FY26 was INR 128 crore, with total income at INR 290 crore.
Achieved 25 years of operations, becoming the first listed depository in the Asia Pacific region and surpassing 14.5 crore demat accounts as of 2025.
Audited standalone and consolidated financial results for Q2 and H1 FY2025-26 were approved, with unmodified opinions from statutory auditors.
Over 6.5 million new demat accounts opened in the quarter, maintaining an 80% market share and bringing total demat accounts to 16.5 crore.
Financial highlights
Consolidated total income for Q2 FY26: INR 341 crore vs INR 359 crore in Q2 FY25.
Consolidated net profit for Q2 FY26: INR 140 crore vs INR 162 crore in Q2 FY25.
Standalone total income for Q2 FY26: INR 290 crore vs INR 324 crore in Q2 FY25.
Standalone net profit for Q2 FY26: INR 128 crore vs INR 171 crore in Q2 FY25.
Dividend income from subsidiary contributed significantly to prior quarters but not in Q2 FY26; current quarter profit is from core operations.
Segment performance
CDSL Ventures (CVL) reported half-year income of INR 92.84 crore vs INR 144.01 crore YoY; PAT at INR 27 crore vs INR 66 crore.
Growth in demat accounts, reaching 1,651 lakh in Q2FY26, up from 1,373 lakh in Q2FY25.
Number of issuers increased to 44,011 in Q2FY26 from 39,609 in Q2FY25.
Consolidated segment revenue for Q2: Depository Activity ₹27,181.29 lakh, Data Entry and Storage ₹4,656.08 lakh, Repository ₹78.03 lakh.
Data Entry and Storage and Repository segments contribute positively, though Repository shows a minor loss.
Why is incremental demat market share declining?
Outlook for technology and employee cost growth
How to scale Insurance Repository business
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Next Central Depository Services (India) earnings date
Q3 25/2626 Jan, 2026
Next Central Depository Services (India) earnings date
Q3 25/2626 Jan, 2026
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Frequently asked questions
Central Depository Services (India) Limited (CDSL) is a prominent securities depository in India, facilitating the electronic storage and transfer of securities. The company operates in the financial services sector, offering a range of services including the handling of securities trading and transactions for brokers and financial institutions, dematerialization (converting physical shares into electronic form), and related services aimed at enhancing the efficiency and security of the Indian capital markets. CDSL also provides services such as e-voting, e-KYC, and handling of IPO applications through its platform. The company plays a critical role in the infrastructure of India's financial markets, serving a broad base of clients including individual investors, corporate entities, and stock exchanges. The company is headquartered in Mumbai, Maharashtra, and its shares are listed on the BSE.
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