CDSL reports 80% increase in profit after tax (Y-o-Y)

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CDSL reports 80% increase in profit after tax (Y-o-Y).Central Depository Services (India) Limited (“CDSL”), Asia’s first and only listed depository, announced its audited consolidated and standalone financial results for the six months and quarter ended September 30, 2021.

Business performance Highlights

ü CDSL became the first depository to register 4 crore demat accounts in July 2021.

ü 68 lakh demat accounts were opened in Q2FY22, highest ever quarterly addition, (Q2FY21 – 29 lakhs).

ü Value of Securities in Demat Custody (In crores) increased to 35.21 lakh crore as on September 30, 2021.

ü In the period ended September 30, 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 our strong and robust business and financial performance. Our growth in the past six months is a representation of the successful execution of our vision to make every investor self-sufficient and independent.

The Indian capital markets also witnessed an unprecedent growth which was supported by participation of new investors in the markets, IPOs, etc. The said growth is also a result of the efforts of the regulators and every Market Infrastructure Institution that has ensured that every investor becomes Atmanirbhar and can operate from the comfort of their own homes. The ease of business and secured services focused on providing convenience to all investors remains the core reason of our growth. We are humbled by the faith shown in us in this expansion journey.

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.

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