CDSL Q2 profit surges 24% to ₹173 crore on account growth

Central Depository Services (India) Ltd (CDSL) posted consolidated net profit of ₹173 crore for the July-September quarter, marking a 24 per cent increase from ₹140 crore in the corresponding period last year. The strong performance reflected steady momentum in India's equity market participation, with the depository adding approximately 75 lakh new dematerialised accounts during the quarter.

Consolidated total income climbed 22 per cent year-on-year to ₹417 crore in Q2 FY27, up from ₹341 crore a year earlier. Quarter-on-quarter, net profit surged 47 per cent from ₹118 crore recorded in the June quarter, while total income increased 22 per cent from ₹341 crore in the preceding three months.

For the first half of the financial year, CDSL's consolidated net profit expanded 20 per cent to ₹291 crore, with total income rising 19 per cent to ₹758 crore. On a standalone basis, the depository's net profit increased 28 per cent year-on-year to ₹163 crore in Q2, while standalone total income grew 24 per cent to ₹359 crore. For the April-September period, standalone profit advanced 10 per cent to ₹308 crore, while income increased 14 per cent to ₹685 crore.