Central Depository Services Q2 Results | Net profit zooms 49% to ₹162 crore, revenue jumps 56%

Leading depository Central Depository Services Ltd (CDSL) on Saturday (October 26) reported a 48.8% year-on-year (YoY) jump in net profit at ₹162 crore for the second quarter that ended September 30, 2024.

In the corresponding quarter of the previous fiscal, Central Depository Services posted a net profit of ₹108. crore, the company said in a regulatory filing.

Also Read: Bandhan Bank Q2 Results | Net profit jumps 30% to ₹937 crore, beats estimates

The company’s revenue from operations zoomed 55.5% to ₹322.3 crore as against ₹207.3 crore in the corresponding period of the preceding fiscal.

Central Depository Services became the first depository to surpass 13.5 crore registered demat accounts as of September 30, 2024. In the second quarter of FY 2024-25 alone, 1.18 crore new demat accounts were opened.

CDSL is currently the largest depository in the country in terms of active Demat accounts and allows investors to deposit securities by opening an account in electronic form (dematerialised).

Also Read: Torrent Pharma Q2 Results | Net profit up 17%, revenue grows 9%

The results came after the close of the market hours. On October 25, shares of Central Depository Services Ltd ended at ₹1,419, down by ₹51.00, or 3.47% on the BSE.