Central Depository Services (India) (CDSL) Q2 24/25 earnings summary

Executive summary

• Achieved strong financial growth in Q2 FY2025, with significant increases in income and profit year-over-year, and celebrated 25 years of operations as the first listed depository in Asia Pacific.

• Surpassed 17 crore demat accounts in India, with BO accounts reaching 1,373 lakh in Q2FY25.

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

• Bonus equity shares issued in August 2024, doubling paid-up equity share capital to 20,900 Lakh.

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

Financial highlights

• Consolidated total income for Q2 FY2025 was ₹35,851.30 Lakh, up 56% year-over-year; consolidated net profit after tax was ₹16,195.78 Lakh, up 49% year-over-year.

• Standalone total income for Q2 FY2025 was ₹32,400 Lakh, up 78% year-over-year; standalone net profit was ₹17,115.27 Lakh, up 95% year-over-year.

• Half-year consolidated net profit up 62% to ₹29,600 Lakh; standalone net profit up 63% to ₹27,600 Lakh.

• Basic and diluted consolidated EPS for Q2 FY25 was ₹7.75, compared to ₹5.21 in Q2 FY24.

• Dividend of ₹22,990.00 Lakh paid during H1 FY25.

Segment performance

• E-voting and consolidated account statement income contributed ₹2,200 Lakh and ₹2,300 Lakh, respectively, in H1 FY2025.

• Unlisted company issuer income was ₹920 Lakh in Q2, with 3,428 new companies added and ₹515 Lakh from one-time fees.

• Insurance repository business reported ₹103 Lakh revenue for Q2 and a cumulative 15.72 lakh policies.

• CVL segment profit after tax for H1 FY2025 was ₹5,400 Lakh, up from ₹3,221 Lakh in the prior year period.

• Depository activity contributed the largest share of revenue and profit, with data entry and storage also showing significant growth.