Central Depository Services (India) Ltd Share Price – NSE

Miscellaneous, Small Cap

Revenue from operations surged 92.99% to Rs 240.78 crore in Q4 FY24.

Total income jumped 86% to Rs 267 crore in the quarter ended 31 March 2024 as compared with Rs 144 crore posted in corresponding quarter last year.

Profit before tax(PBT) surged to Rs 168.40 in Q4 FY24 from Rs 81.85 crore posted in Q4 FY23.

On an annual basis, the company's consolidated net profit jumped 52% YoY to Rs 276 crore on 46% YoY increase in total income to Rs 621 crore.

Shri Nehal Vora, managing director & CEO said “As we transition from our 25-year anniversary, we remain committed to empowering market participants with digital services like ASBA, e-AGM, eDIS, and Margin pledge mechanism. These tools enhance capital market efficiency and security, and our sustained business and financial growth is a result of the trust placed in us by the stakeholders of the capital markets. We are grateful to our investors and all stakeholders for their unwavering support and look forward to continuing our journey together.

Meanwhile, the company’s board has declared final dividend of Rs 22 per equity share for the financial year 2023-24.

Central Depository Services (India) Limited (CDSL) is India’s leading and only listed depository, with an objective of providing convenient, dependable and secure depository services at affordable cost to all market participant. CDSL maintains and services more than 11.56 crore Demat accounts of Investors or Beneficial Owners (BOs) spread across India.

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Revenue from operations surged 92.99% to Rs 240.78 crore in Q4 FY24.

Total income jumped 86% to Rs 267 crore in the quarter ended 31 March 2024 as compared with Rs 144 crore posted in corresponding quarter last year.

Profit before tax(PBT) surged to Rs 168.40 in Q4 FY24 from Rs 81.85 crore posted in Q4 FY23.

On an annual basis, the company's consolidated net profit jumped 52% YoY to Rs 276 crore on 46% YoY increase in total income to Rs 621 crore.

Shri Nehal Vora, managing director & CEO said “As we transition from our 25-year anniversary, we remain committed to empowering market participants with digital services like ASBA, e-AGM, eDIS, and Margin pledge mechanism. These tools enhance capital market efficiency and security, and our sustained business and financial growth is a result of the trust placed in us by the stakeholders of the capital markets. We are grateful to our investors and all stakeholders for their unwavering support and look forward to continuing our journey together.

Meanwhile, the company’s board has declared final dividend of Rs 22 per equity share for the financial year 2023-24.

Central Depository Services (India) Limited (CDSL) is India’s leading and only listed depository, with an objective of providing convenient, dependable and secure depository services at affordable cost to all market participant. CDSL maintains and services 11.56 crore+ Demat accounts of Investors or Beneficial Owners (BOs) spread across India.

The scrip rose 0.24% to end at Rs 2,081.90 on Friday, 3 May 2024.

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Net profit of Central Depository Services (India) rose 104.85% to Rs 129.26 crore in the quarter ended March 2024 as against Rs 63.10 crore during the previous quarter ended March 2023. Sales rose 92.98% to Rs 240.78 crore in the quarter ended March 2024 as against Rs 124.77 crore during the previous quarter ended March 2023.

For the full year,net profit rose 51.88% to Rs 419.11 crore in the year ended March 2024 as against Rs 275.94 crore during the previous year ended March 2023. Sales rose 46.33% to Rs 812.26 crore in the year ended March 2024 as against Rs 555.09 crore during the previous year ended March 2023.

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Central Depository Services (India) announced that the Board of Directors of the Company at its meeting held on 04 May 2024, has recommended a Special dividend of Rs.3 per share (i.e.30%), subject to the approval of the shareholders.

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