Central Depository Services (India) (CDSL) Q1 24/25 earnings summary

Executive summary

• Indian capital markets reached a $5 trillion market cap, with demat accounts surpassing 12.5 crore and CDSL marking its 25th anniversary.

• Board approved a 1:1 bonus share issue, subject to shareholder approval, and an additional ₹20 crore investment in IIBHL to maintain a 20% stake, pending SEBI approval.

• Launched new multi-lingual eCAS, chatbot services, and completed a 25-city financial literacy campaign.

• Received multiple industry awards, including Global Custodian Legend Award and Tech Circle award for digital execution.

• Audited consolidated and standalone Q1 FY25 results were approved, with auditors issuing an unmodified opinion.

Financial highlights

• Consolidated total income for Q1 FY25 rose 65% year-over-year to ₹28,700 lakh; net profit increased 82% to ₹13,416.72 lakh.

• Standalone operating income was ₹17,000 lakh in Q1 FY25, with net profit at ₹9,700 lakh.

• CVL subsidiary's total income doubled to ₹6,400 lakh, with profit after tax up 140% to ₹2,855 lakh year-over-year.

• EPS improved to ₹12.84 (consolidated) and ₹10.07 (standalone) in Q1 FY25.

• Other income, mainly from e-CAS and e-voting, increased to ₹2,600 lakh.

Outlook and guidance

• No specific revenue or earnings guidance provided; focus remains on building robust technology and infrastructure to support market growth.

• Management expects continued proactive investment in technology and human resources to maintain best-in-class platforms.

• Board recommended issuance of 1 bonus share for every fully paid-up equity share, subject to shareholder approval.