CDSL consolidated Q3 PAT climbs 48% yoy to Rs63.77cr; Stock under pressure

7 Feb 2022 , 11:48 AM

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

Consolidated net profit in Q3FY22 stood at Rs63.77cr, an increase of 48% yoy from Rs43.02cr in Q3FY21 and a decline of 7% qoq from Rs68.40cr in Q2FY22. Total Income rose 50% yoy to Rs121.55cr from Rs81.25cr in Q3FY21, and 7% qoq decline from Rs127.92cr in Q2FY22.

For nine months ended December 31, 2021, of FY22, net profit increased 56% yoy to Rs233.69cr from Rs149.62cr in 9MFY21. Total Income rose 58% yoy to Rs457.88cr in 9MFY22 from Rs290.38cr in 9MFY21.

At around 11.52 AM, Central Depository Services (India) Ltd was trading at Rs1,511.10 per piece down by Rs62.85 or 3.99% from its previous closing of Rs1,573.95 per piece on the BSE.

Business performance Highlights

• CDSL became the first depository to register 5 crore demat accounts in November 2021.
• 91 lakh demat accounts were opened in Q3FY22, highest ever quarterly addition (Q3FY21 — 28 lakhs).
• Value of Securities in Demat Custody (in crores) increased to 36.94 lakh crore as on December 31, 2021.
• In the period ended December 31, 2021, your 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.

Nehal Vora, MD & CEO said, “We are happy to present another quarter of strong performance. During the quarter, we crossed another milestone of 5 crore investor accounts. In this growing environment, the goal of our Company is to create and be part of a financial ecosystem that is secured and provides ease of business.

We will continue to drive our strategy and approach while delivering services that are primarily focused to be safe and dependable for all the market participants, with our core philosophy of good governance.”

He further added, “we believe, it is on this path of providing services to the market participants and more importantly, investors towards being self-sufficient and independent that has led to this encouraging financial and business performance. We have evolved over the previous years from providing ease of business to now empowering investors to make informed decisions through easy access to our services and investor education programs. Lastly, we are humbled by the faith shown in us in this expansion journey.”