CDSL shares dip over 3% after Q4 net profit tanks 20% to Rs 80 crore, margins under pressure
CDSL share price dropped over 3% after it reported mixed Q4 FY26 results with profit declining despite steady revenue growth and improved operating performance. Margins narrowed while total income saw modest gains. The company crossed a milestone ...
By Veer Sharma, ETMarkets.com | Updated:
ETMarkets.com
Shares of Central Depository Services Limited (CDSL) fell as much as 3.3% to their day's low of Rs 1,229 on the NSE on Monday after it posted mixed numbers for the fourth quarter of FY26, with earnings declining even as revenue grew.
Net profit dropped 20% year-on-year to Rs 80.22 crore, down from Rs 100.31 crore in the same period last year. Revenue, however, increased 17.1% to Rs 262.85 crore compared with Rs 224.49 crore a year ago. EBITDA rose 6.7% to Rs 116.75 crore from Rs 109.43 crore, while margins narrowed to 44.4% from 48.7%.
Total income came in at Rs 268 crore, up 5% from Rs 265 crore in the corresponding quarter last year, but 20% lower than Rs 334 crore in the previous quarter.
The company’s board declared a final dividend of Rs 12.75 per share for FY26.
Operationally, CDSL reached a key milestone during the quarter, becoming the first depository to cross 18 crore demat accounts as of March 31, 2026. This compares with 15.30 crore accounts a year earlier, with about 2.71 crore new accounts added during the year.
Management said that despite geopolitical tensions and market volatility, the core market infrastructure remained stable, helping maintain investor confidence. It added that the company will continue to invest in technology and human resources to keep the securities ecosystem accessible, secure and efficient across regions.
The company described FY26 as a landmark year in its effort to empower India’s Atmanirbhar investors. It noted that the number of demat accounts has crossed 18 crore, reflecting growing trust among Indian households in the securities market, while highlighting that participation remains below 10% of the population, leaving significant room for expansion.
For the full year, CDSL reported steady performance. Total income rose 3% to Rs 1,239 crore from Rs 1,199 crore in FY25. Net profit declined 14% to Rs 455 crore, compared with Rs 526 crore in the previous year.
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Net profit dropped 20% year-on-year to Rs 80.22 crore, down from Rs 100.31 crore in the same period last year. Revenue, however, increased 17.1% to Rs 262.85 crore compared with Rs 224.49 crore a year ago. EBITDA rose 6.7% to Rs 116.75 crore from Rs 109.43 crore, while margins narrowed to 44.4% from 48.7%.
Total income came in at Rs 268 crore, up 5% from Rs 265 crore in the corresponding quarter last year, but 20% lower than Rs 334 crore in the previous quarter.
The company’s board declared a final dividend of Rs 12.75 per share for FY26.
Operationally, CDSL reached a key milestone during the quarter, becoming the first depository to cross 18 crore demat accounts as of March 31, 2026. This compares with 15.30 crore accounts a year earlier, with about 2.71 crore new accounts added during the year.
Management said that despite geopolitical tensions and market volatility, the core market infrastructure remained stable, helping maintain investor confidence. It added that the company will continue to invest in technology and human resources to keep the securities ecosystem accessible, secure and efficient across regions.
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The company described FY26 as a landmark year in its effort to empower India’s Atmanirbhar investors. It noted that the number of demat accounts has crossed 18 crore, reflecting growing trust among Indian households in the securities market, while highlighting that participation remains below 10% of the population, leaving significant room for expansion.
For the full year, CDSL reported steady performance. Total income rose 3% to Rs 1,239 crore from Rs 1,199 crore in FY25. Net profit declined 14% to Rs 455 crore, compared with Rs 526 crore in the previous year.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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