CDSL shares rally over 9% today; Check details
Shares of Central Depository Services (India) Ltd (CDSL) surged over 9% in trading today, driven by strong volumes. As of 1 PM, the shares were trading 8.77% higher at Rs 1,663.80.
The stock opened at ₹1,533.40 and hit an intraday high of ₹1,670.00, before moving in a range with a low of ₹1,531.10. Despite today's rally, the stock remains below its 52-week high of ₹1,989.80, recorded earlier in the financial year. It is, however, well above its 52-week low of ₹917.62. CDSL Q4 results
Central Depository Services (India) Ltd (CDSL) reported a 23% year-on-year decline in net profit to ₹100 crore for Q4, as its core depository services business underperformed. Revenue dropped 19.3% sequentially to ₹224.4 crore, with the depository segment alone falling 18% quarter-on-quarter, raising concerns about long-term growth.
EBITDA stood at ₹109.35 crore, down 32% from the previous quarter, while margins contracted sharply to 48.73% from 57.79% in Q3 FY24.
Retail investor activity also showed signs of slowing. Net new demat account openings fell 30% to 64 lakh in Q4, compared to 92 lakh in the prior quarter. The total value of demat custody declined to ₹71 lakh crore from ₹75 lakh crore, reflecting reduced market participation.
Despite the subdued performance, CDSL's board declared a dividend of ₹12.5 per share, offering some relief to shareholders.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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