CDSL Q3 PAT rises 56% YoY to Rs 83.6 cr

7 Feb 2022 , 09:47 AM

On a sequential basis, the net profit declined 2.55% while total income fell 1.34% in Q3 FY22 from Q2 FY22. The companys profit before tax surged 57.4% to Rs 111 crore in Q3 FY22 over Q3 FY21.

CDSL said it became the first depository to register 5 crore demat accounts in November 2021. Meanwhile the company added 91 lakh demat accounts in Q3FY22, recording its highest ever quarterly addition.

Nehal Vora, MD & CEO of the company 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. 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.?

Central Depository Services (India) Limited (CDSL) is Indias leading and only listed depository, with an objective of providing convenient, dependable and secure depository services at affordable cost to all market participants.

Shares of CDSL were trading 3.43% lower at 1,520 on National Stock Exchange in morning trade.

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