CDSL's profit in the March quarter up y-o-y by 52%

7 May 2024 , 10:56 AM

Consolidated net profit in March quarter of FY24 rose by 52% compared to corresponding period of FY23, reaching ₹129 Crore .  Total income for the quarter increased by 86% year-on-year to ₹267 Crore, with a 46% increase for the full year.

At the time of writing, the stocks were trading at ₹2171.75 which is a 1.17% increase than the previous close. It has seen an 19% increase in 2024 and a return of over 119% in the last 12 months.

The board recommended a final dividend of ₹19 per equity share for FY24, alongside a special dividend of ₹3 per share, totaling ₹22 per share for the year.

As of March 31, 2024, CDSL had over 11.56 Crore demat accounts, adding 3.26 Crore new accounts in FY24, with 1.09 Crore added in the January-March quarter, marking the highest quarterly registration in its history.

CDSL’s market capitalization surpassed ₹22,500 Crore following the surge, having crossed ₹20,000 Crore on April 12, 2024. 

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