Central Depository Services (India) Ltd Share Price – NSE

Financial Services, Small Cap

Profit before tax (PBT) stood at Rs 224.69 crore in Q2 FY25, up 55.23% as against Rs 144.75 crore recorded in Q2 FY24.

Total expense jumped 59.13% year on year to Rs 134.40 crore during the quarter. Employee benefits expense stood at Rs 31.44 crore (up 40.04% YoY), computer technology related expenses was at Rs 24.11 crore (up 60.41% YoY) during the period under review.

During the Q2 FY 2024-25, 1.18 crore new demat accounts were opened.

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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Net profit of Central Depository Services (India) rose 48.86% to Rs 162.03 crore in the quarter ended September 2024 as against Rs 108.85 crore during the previous quarter ended September 2023. Sales rose 55.45% to Rs 322.26 crore in the quarter ended September 2024 as against Rs 207.31 crore during the previous quarter ended September 2023.

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Central Depository Services (India) will hold a meeting of the Board of Directors of the Company on 26 October 2024.

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Nehal Vora has over 25 years of extensive experience in the Indian Capital Markets, he has held significant roles at esteemed organizations such as BSE, DSP Merrill Lynch, and SEBI before joining CDSL in September 2019.

Central Depository Services (India) (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.

The company reported 82.4% jump in consolidated net profit to Rs 134.20 crore on 72% surge in net sales to Rs 257.39 crore in Q1 FY25 over Q1 FY24.

The scrip rose 0.25% to close at Rs 1,381.75 on Friday, 13 September 2024.

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