CDSL shares drop 4% after Q1 profit falls 24% YoY to Rs 102 crore

Shares of Central Depository Services (India) Ltd (CDSL) tumbled 4% to their day’s low of Rs 1,549 on the BSE on Monday after the company reported a 23.7% year-on-year (YoY) decline in consolidated net profit to Rs 102.40 crore for the quarter ended June 2025 (Q1 FY26), compared with Rs 134.16 crore in the same period last year.

Revenue from operations rose marginally by 0.55% YoY to Rs 258.81 crore, up from Rs 257.38 crore a year ago. Total revenue for the quarter stood at Rs 259.64 crore, compared to Rs 257.43 crore in Q1 FY25 and Rs 224.74 crore in the preceding quarter (Q4 FY25).

Sequentially, net profit increased 2% from Rs 100.39 crore reported in Q4 FY25.

Segment-wise performance

- Depository Services contributed Rs 221.85 crore in Q1 FY26, up from Rs 197.89 crore in Q1 FY25.

- Data Entry and Storage Services declined to Rs 36.94 crore, from Rs 58.87 crore in the year-ago period.

- Repository Services earned Rs 85.23 lakh, up from Rs 67.69 lakh in Q1 FY25 and Rs 69.47 lakh in Q4 FY25.

On the expense front, CDSL’s total expenses rose to Rs 143.60 crore, up from Rs 112.76 crore reported in the corresponding quarter of the previous year. This denotes a surge of 27.35% YoY.

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CDSL shares target price

According to Trendlyne, the average target price for CDSL is Rs 1,446, indicating a potential downside of around 10% from current levels. Out of the 10 analysts tracking the stock, the consensus rating is ‘Hold’.

So far in 2025, CDSL shares have declined nearly 11%, though they have delivered a 32% return over the past 12 months. The company’s current market capitalisation stands at approximately Rs 33,774 crore.

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