Central Depository Services (India) (CDSL) Q1 26/27 earnings summary

Executive summary

• Opened 5.8 million new Demat accounts in Q1 FY 2027, reaching 185.9 million total accounts and maintaining ~80% market share as of June 30, 2026.

• Appointed two new Executive Directors, strengthening leadership in operations, technology, compliance, and risk management.

• Launched new digital investor services, including direct payout of securities and a unified investor app.

• Received awards for innovation, settlement efficiency, and digital leadership.

• Audited standalone and consolidated financial results for Q1 ended June 30, 2026, were approved, with statutory auditors issuing an unmodified opinion.

Financial highlights

• Standalone income for Q1 FY 2027 was INR 327 crore, with standalone net profit at INR 144 crore.

• Consolidated income reached INR 341 crore, consolidated net profit at INR 118 crore, up from INR 295 crore and INR 102 crore respectively year-over-year.

• Standalone EBITDA (excluding dividend) for Q1 FY27 was ₹165 crore, compared to ₹101 crore in Q1 FY26.

• Other income included a dividend from a subsidiary of INR 39.5 crore, down from INR 62 crore year-over-year.

• CVL revenue from operations grew 22% year-over-year to INR 45 crore; total income at INR 50 crore.

Outlook and guidance

• No specific revenue or earnings guidance provided; focus remains on strengthening infrastructure, digital services, and investor education.

• Technology and human resource investments will continue as needed to maintain value proposition and support growth.

• Management expects no financial impact from the ongoing legal matter regarding the Anugrah Stock & Broking Private Limited arbitral award.