Markets India

Central Depository Services (India) Limited (CDSL) reported a 24% year-on-year jump in Q2 net profit to Rs 173 crore, driven by robust revenue growth and expanded custodial services, according to ET Markets.

CDSL Q2 Net Profit Surges 24% to Rs 173 Crore, Revenue Rises 23.7%

CDSL’s Q2 results show a 24% rise in net profit to Rs 173 crore, compared to Rs 140.2 crore in Q2 2025, with revenue climbing 23.7% to Rs 395 crore. The EBITDA margin expanded to 58% from 56% a year earlier, reflecting improved operational efficiency. The depository also opened 75 lakh new demat accounts, pushing assets under custody (AUC) beyond Rs 89 lakh crore. Demat account growth reached 17% YoY as of Q2 end, while EBITDA rose to Rs 229 crore from Rs 205 crore in the same period last year. CDSL manages over 19.34 crore demat accounts through a network of 590 depository participants.

The surge in demat accounts and AUC underscores growing adoption of electronic securities settlement, reinforcing CDSL’s role as a critical market infrastructure provider. Strategic investments in IT infrastructure and partnerships with initiatives like ONDC may enhance its competitive positioning in digital commerce. Direct stakeholders include investors in CDSL and regulators overseeing market infrastructure, while indirect stakeholders encompass market participants, financial institutions, and the broader securities market ecosystem.

CDSL’s financial performance highlights resilience in India’s securities market, with significant growth in revenue, profitability, and customer adoption signaling robust demand for its depository services. The expansion of custodial services aligns with broader trends toward digitization in financial markets, positioning CDSL to benefit from increasing market participation.

The sustainability of CDSL’s growth trajectory remains the key uncertainty, as the company navigates evolving market dynamics and regulatory requirements. No specific risks or opportunities were highlighted in the report.

CDSL’s Q2 results reflect strong financial and operational growth, driven by rising market participation and expanded custodial services.

Topics: CDSL, Demat Accounts, Assets Under Custody, EBITDA, Securities Market, Financial Infrastructure, IT Infrastructure, ONDC, Financial Markets, India Markets

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Source: ET Markets