Central Depository Services PAT doubles on quarterly and annual basis

The company’s standalone PAT for the quarter ended March 31, 2021, increased by Rs21cr (100%) to Rs41.97cr from Rs20.9cr in Q4FY20.

May 03, 2021 10:05 IST India Infoline News Service

Central Depository Services (India) Limited (CDSL), Asia’s first and only listed depository, announced on Saturday its audited consolidated and standalone financial results for the financial year and quarter ended March 31, 2021.

The company’s standalone Profit after Tax (PAT) for the quarter ended March 31, 2021, increased by Rs21cr (100%) to Rs41.97cr from Rs20.9cr in Q4FY20. On a consolidated basis, the company’s PAT for the quarter ended March 31, 2021, increased by Rs23.50cr (84%) to Rs51.64cr from Rs28.14cr (Q4FY20).

The Company in its meeting of Board of Directors held today recommended a final dividend of Rs9 per equity share. The market capitalization of the company is Rs8464cr as on the closing price of the previous day, company said on Saturday.

The company’s standalone Profit after tax for the financial year ended March 31, 2021 increased by Rs82.74cr (107%) to Rs160.06cr from Rs77.32cr (FY20). Total Income for the financial year ended March 31, 2021 increased by Rs100.96cr (48%) to Rs312.35cr from Rs211.39cr (FY20).  EBITDA Margin increased to 68% from 50% (FY20).

On a consolidated basis, Profit after tax for the financial year ended March 31, 2021 increased by Rs94.54cr (89%) to Rs201.27cr from Rs106.72cr (FY20). Total Income for the financial year ended March 31, 2021 increased by Rs116.38cr (41%) to Rs400.63cr from Rs284.25cr (FY20). EBITDA Margin increased to 67% from 52% (FY20).

“We are immensely proud to report CDSL’s annual and quarterly performance for the financial year 2020-21. The strengthened and robust revenues have exceeded the high end of our expectations, demonstrating strength of the digital services during the current difficult times and a solid execution of the capital market growth strategy by the Regulators, Board of Directors, Management, and the employees of the organization,” Nehal Vora, MD & CEO, said.

The company said, during the last financial year, 1.23 crore new active Beneficial Owners accounts were opened with CDSL taking the total number of active beneficial owners to 3.34cr as on March 31, 2021.

In the quarter ended March 31, 2021, the company through its subsidiary CVL continued to generate capital market investor records under CVL and being the first and largest KYC Registration Agency (KRA) in the country.

At around 10.20 am, Central Depository Services (India) Ltd was trading at Rs790.00 per piece down Rs16.80 or 2.08% from its previous closing of Rs806.80 on the BSE.

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