CDSL Q4 Net Profit Drops 20% to Rs 80 Crore, Revenue Rises 17%

India's largest depository CDSL reported a 20% decline in Q4 consolidated net profit to Rs 80 crore. Revenue from operations rose 17% to Rs 263 crore during the same period. For the full fiscal year FY26, net profit fell 13.5% to Rs 455.1 crore. The board recommended a final dividend of Rs 12.75 per share for FY26.

Key Points: CDSL Q4 Net Profit Falls 20% to Rs 80 Crore

  • Q4 net profit down 20% to Rs 80 crore
  • Revenue rises 17% to Rs 263 crore
  • EBITDA up 6.7% but margins shrink
  • Board recommends Rs 12.75 dividend per share
2 min read

CDSL's Q4 net profit declines 20 pc to Rs 80 crore

CDSL reports 20% YoY decline in Q4 net profit to Rs 80 crore, while revenue rises 17%. Full-year profit down 13.5%.

"Revenue from operations during the quarter rose 17 per cent to Rs 263 crore from Rs 224 crore. - CDSL Exchange Filing"

New Delhi, May 2

India's largest depository, Central Depository Services Limited, on Saturday reported a 20 per cent year-on-year decline in consolidated net profit for the March quarter in FY26.

According to the company's exchange filing, profit after tax (PAT) for the quarter stood at Rs 80 crore, compared with Rs 100 crore in the year-ago period. On a standalone basis, net profit fell 15 per cent to Rs 68.8 crore, from Rs 80.8 crore a year earlier.

Meanwhile, revenue from operations during the quarter rose 17 per cent to Rs 263 crore from Rs 224 crore in the corresponding period last year.

EBITDA rose 6.7 per cent year-on-year to Rs 116.8 crore from Rs 109.4 crore, while margins contracted to 44.4 per cent from 48.7 per cent a year earlier.

Total income for the quarter stood at Rs 268.4 crore, up 4.9 per cent year-on-year from Rs 255.8 crore, though it declined 20.0 per cent sequentially from Rs 335.6 crore in the December quarter.

For the full year FY26, consolidated net profit declined 13.5 per cent to Rs 455.1 crore from Rs 526.3 crore in FY25.

Revenue from operations for the year increased nearly 6 per cent to Rs 1,145 crore from Rs 1,082 crore in the previous financial year, while total income rose 3.3 per cent to Rs 1,238 crore from Rs 1,199 crore.

Moreover, total expenses for the March quarter stood at Rs 164 crore. On an annual basis, expenses rose 23 per cent to Rs 625.4 crore from Rs 507.0 crore in FY25.

Apart from earnings, the board of directors of CDSL has recommended a final dividend of Rs 12.75 per equity share for FY26, subject to shareholder approval. Earlier in FY25, the company had announced a dividend payout of Rs 12.50 per share.

CDSL is the largest depository in India by number of active demat accounts and caters to a majority of retail investors with leading discount brokers.

Shares of CDSL on Thursday ended lower at Rs 1,272 apiece, down 2.63 per cent on the NSE.

- IANS

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Reader Comments

A
Ananya R
As a retail investor, CDSL is crucial for my demat account. The dividend increase to Rs 12.75 is a small consolation, but the full year profit decline of 13.5% is concerning. Need to watch the next quarter closely.
J
James A
The EBITDA margin contraction from 48.7% to 44.4% is a red flag. Operating leverage seems to be working against them right now. Still, being the largest depository gives them a strong moat.
S
Siddharth J
Yaar, CDSL is a good long-term bet but these quarterly results show the market is cooling off. The stock dropping 2.63% is expected. Let's see if the dividend announcement brings some stability. 📈
K
Kavya N
The sequential decline from Q3 to Q4 is stark - total income dropped 20%! That's a big swing. With expenses rising 23% year-on-year, something needs to give. Management should address this in the next conference call.
M
Michael C
Interesting to see CDSL's performance amid broader market volatility. Revenue growth is positive but the profit squeeze is real. The dividend hike shows confidence, but investors need more than that.
V
Vikram M
Being one of the largest depositories, CDSL benefits from the

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