The depository's operating performance benefited from a rapid influx of capital and expanding account registrations during the second quarter. Alongside revenue gains, the firm strengthened its balance sheet while funding initiatives across emerging digital platforms and IFSC IT infrastructure. Subsidiary-level activity also advanced through a software partnership with health-tech provider Shoveltech Solutions Private Limited. In total, CDSL now oversees more than 19.34 crore demat accounts supported by a nationwide intermediary network.
Key points
Total investor accounts reached over 19.34 crore while assets under custody crossed the R…: Total investor accounts reached over 19.34 crore while assets under custody crossed the Rs 89 lakh crore threshold.
The company directed strategic capital toward the Open Network for Digital Commerce and I…: The company directed strategic capital toward the Open Network for Digital Commerce and India International Bullion Holding IFSC Limited.
Depository services remain anchored by a broader distribution network consisting of more…: Depository services remain anchored by a broader distribution network consisting of more than 590 depository participants.
Sources checked by our analysis pipeline: 1
Revenue grew 23.7% to Rs 395 crore from Rs 319 crore in the year-ago period. EBITDA increased to Rs 229 crore, while EBITDA margin expanded to 58% from 56% a year earlier.
For the quarter under review, CDSL opened around 75 lakh new demat accounts during the quarter, taking its assets under custody (AUC) beyond Rs 89 lakh crore. The company's demat account base registered year-on-year growth of around 17% as of the end of Q2, Vora said.
Commenting on the performance, Nehal Vora, Managing Director and Chief Executive Officer of CDSL, said participation in India's securities market continued to remain resilient despite global macroeconomic volatility. The company's demat account base grew around 17% year-on-year as of the end of Q2.
He added that the sustained growth in market participation would encourage CDSL to further strengthen its operations and value proposition.
During the quarter, CDSL increased its investments in India International Bullion Holding IFSC Limited (IIBHL) to support the development of IT infrastructure, among other initiatives.
The company also made a strategic investment in the Open Network for Digital Commerce…
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