Central Depository Services (India) (CDSL) Q4 25/26 earnings summary

Executive summary

• Achieved steady growth in Demat accounts, reaching 18.01 crore as of March 31, 2026, maintaining over 80% market share and incremental share of 85%-90%.

• Maintained leadership in India's depository sector, surpassing 100 million demat accounts and completing 25 years of operations.

• Focused on technology-driven scalability, investor trust, and operational resilience amid global volatility.

• Launched several digital innovations, including direct payout of securities, a unified investor app, and enhanced e-voting features.

• Received multiple industry recognitions for innovation, CSR, diversity, and leadership.

Financial highlights

• Standalone total income for FY 2025-26 was INR 1,096 crore, up from INR 985 crore year-over-year.

• Standalone net profit for FY 2025-26 was INR 468 crore, marginally up from INR 462 crore year-over-year.

• Consolidated revenue from operations for FY 2025-26 was ₹1,14,491.87 lakh, up from ₹1,08,228.26 lakh year-over-year.

• Consolidated net profit after tax for FY 2025-26 was ₹45,507.66 lakh, compared to ₹52,632.64 lakh in FY 2024-25.

• Q4 standalone net profit was INR 69 crore, down from INR 81 crore in Q4 last year; consolidated Q4 net profit was INR 80 crore, down from INR 100 crore.

Segment performance

• CDSL Ventures (CVL) revenue from operations for FY 2026 was INR 182 crore, down from INR 231 crore year-over-year.

• CVL profit after tax was INR 55.36 crore, down from INR 109.95 crore year-over-year.

• Depository activity contributed ₹96,045.23 lakh in revenue for FY 2025-26, with data entry and storage at ₹18,280.99 lakh, and repository at ₹340.36 lakh.

• Growth in demat custody value, number of issuers, and ISINs across all quarters of FY26.

• Subsidiaries contributed through KYC services, insurance repository, and commodity repository operations.