CDSL Q2 results: Net profit jumps 24% to ₹174 cr on strong demand
CDSL’s Q2 FY27 revenue increases to ₹394 crore
CDSL, the central depository services provider, announced a significant surge in its net profit for the September quarter, with profits jumping 24% to ₹174 crore. This marked an improvement from the ₹140 crore recorded in the same period last year. The company attributed this growth to robust demand in the market. Revenue also increased to ₹394 crore from ₹319 crore during the quarter.
CDSL opened 75 lakh new demat accounts and its Assets Under Custody surpassed ₹89 lakh crore. Despite global macroeconomic fluctuations, the resilience of the securities market continued, as highlighted by Nehal Vora, Managing Director & Chief Executive Officer of CDSL. The company's demat account base expanded by 17% year-on-year by the end of Q2, driven by sustained market participation.
CDSL is committed to promoting informed investing as a Securities Market Partner in SEBI's Project Jagrook and continues to build trusted infrastructure. Recent appointments include Geetha Gangadharan as a Non-Independent Director, Farokh Patel as Chief Regulatory Officer and Compliance Officer, and Kinjal Shah as Chief Technology Officer.
Investments were also made in India International Bullion Holding IFSC, Open Network for Digital Commerce, and a partnership with Shoveltech Solutions in the health-tech domain.
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