CDSL reports 55% quarterly increase in profit after tax

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CDSL reports 55% quarterly increase in profit after tax

CDSL reports 55% quarterly increase in profit after tax.Central Depository Services (India) Limited (“CDSL”), Asia’s first and only listed depository, announced its audited consolidated and standalone financial results for the nine months and quarter ended December 31, 2021.

Business performance Highlights

ü  CDSL became the first depository to register 5 crore demat accounts in November 2021.

ü  91 lakh demat accounts were opened in Q3FY22, highest ever quarterly addition (Q3FY21 – 28 lakhs).

ü  Value of Securities in Demat Custody (in crores) increased to 36.94 lakh crore as on December 31, 2021.

ü  In the period ended December 31, 2021, your company through its subsidiary CVL continued to generate capital market investor records under CVL and being the first and largest KYC Registration Agency (KRA) in the country.

Management comments

Shri Nehal Vora, MD & CEO said, “We are happy to present another quarter of strong performance. During the quarter, we crossed another milestone of 5 crore investor accounts. In this growing environment, the goal of our Company is to create and be part of a financial ecosystem that is secured and provides ease of business.

We will continue to drive our strategy and approach while delivering services that are primarily focused to be safe and dependable for all the market participants, with our core philosophy of good governance.

We believe, it is on this path of providing services to the market participants and more importantly, investors towards being self-sufficient and independent that has led to this encouraging financial and business performance. We have evolved over the previous years from providing ease of business to now empowering investors to make informed decisions through easy access to our services and investor education programs.

Lastly, we are humbled by the faith shown in us in this expansion journey.”

Business Gujarat News

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