CDSL reports Y-o-Y quarterly growth of 28% in profit after tax
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Central Depository Services (India) Limited (“CDSL”), Asia’s first and only listed depository, announced its audited consolidated and standalone financial results for the quarter and six months ended September 30, 2023.
(All amounts in ? crore)
Business performance Highlights
* The demat accounts as on September 30, 2023, stood at 9.62 crore + demat accounts with an addition of approximately 80 lakh demat accounts in the Q2 FY23-24.
* The comparative numbers for the demat accounts opened are 52 lakhs (Q1 FY23-24) & 48 lakhs (Q2 FY22-23).
Awards & Recognition
* CDSL won the Tech Circle ‘Business Transformation award’ for excellence in digital execution in October 2023.
* CDSL won the Innovation award in ‘Digital & Market Leadership’ during Custodian Inaugural Leaders in Custody Asia awards held by Global Custodian in May 2023.
Management Comments
Shri Nehal Vora, MD & CEO said “As we celebrate our 25th year, our ongoing efforts to augment the Ease of Doing Business and instil trust within the financial ecosystem are yielding promising results, notably with the increased number of investors this quarter.
In the digital era where trust is of paramount importance, we endeavour to be a beacon of reliability and commitment to our stakeholders. We look forward to continuing this journey, collectively contributing towards shaping the future of the financial landscape in India."
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