CDSL shares drop 3% as Q1 net profit falls 23.6% YoY to Rs 102.4 crore, EBITDA down 15.1%
Shares of Central Depository Services (India) Ltd (CDSL) declined over 3% in Monday's trade after the company posted a sharp drop in net profit for the June quarter (Q1 FY26). As of 9:21 AM, the shares were trading 2.88% lower at Rs 1,568.20.
CDSL reported a 23.6% year-on-year (YoY) decline in net profit at ₹102.4 crore, compared to ₹134 crore in the same period last year. While revenue remained flat, rising marginally by 0.6% to ₹259 crore from ₹257.4 crore, the company's operating performance took a hit.
EBITDA came in at ₹130.6 crore, down 15.1% YoY, while EBITDA margin dropped to 50.44% from 60% a year ago, indicating pressure on profitability despite steady top-line growth.
CDSL shares traded between ₹1,549.00 and ₹1,580.00 today. The stock opened at ₹1,550.00, slightly lower than its previous close of ₹1,614.70. It remains well above its 52-week low of ₹1,047.45 but below the 52-week high of ₹1,989.80.
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.
Ahmedabad Plane Crash
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
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
30 minutes ago
- Entrepreneur
Is Voice AI Becoming India's Next Digital Backbone?
According to NASSCOM, the Indian voice AI market is projected to reach USD 1.82 billion by 2030 Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Voice AI is quickly becoming the new battleground in shaping the future of human-machine interactions. The recent USD 45 million acquisition of a voice AI startup Play AI by Meta brought renewed attention to the space. But why the Sudden Rush in India? "There's a rush towards voice tech startups because the country's vast linguistic diversity and rising demand for high-quality, real-time voice translation have made voice AI a natural solution," explains Ganesh Gopalan, Co-founder & CEO of Gnani AI. "With the rapid adoption of smartphones and consumers increasingly expecting seamless, human-like interactions, voice is emerging as the preferred interface for digital engagement." According to NASSCOM, the Indian voice AI market is projected to reach USD 1.82 billion by 2030. While India has 22 official languages, it is home to over 400 living languages. English, often assumed to be the digital default, is neither the first spoken nor written language for the majority of Indians. Until now, much of emerging tech has catered only to metro markets and English-speaking audiences. Voice-led AI startups, however, are disrupting that trend. Indian entrepreneurs are now tapping deeper into Tier 2/3 markets, targeting vernacular language speakers and building inclusive solutions for non-English and non-Hindi audiences. Where the action is Gopalan notes that sectors like banking, finance, and insurance (BFSI) have seen the most traction. "Voice AI is being used for customer support, lead qualification, EMI collections, policy renewals, and reminders. This growth ties closely to India's digital inclusion push, enabling businesses to engage a much wider audience in their native languages." India is also becoming a strategic growth market for global Voice AI firms. ElevenLabs, for instance, recorded a 50 per cent growth in usage in India between November and January, making the country its fastest-growing market globally. Siddharth Srinivasan, GMT–India at ElevenLabs, observes, "India was always a market waiting for a solution in this space. We're inherently multilingual, most of us are bilingual or trilingual. The need for high-quality, real-time voice solutions has always existed." Still early days? But is this rush solving meaningful, scalable problems, or are we still in an experimentation phase? Arjun Malhotra, General Partner at Good Capital, believes the sector is at "an interesting middle ground." "In BFSI, voice AI is solving real operational challenges around lending and collections at scale. Companies are successfully reaching lakhs of customers simultaneously. However, the broader ecosystem is still evolving. While enterprise applications have found clear product-market fit in certain use cases, consumer applications remain largely in the discovery phase." From an investor's perspective, technical differentiation is key. "Given the competitive landscape, we evaluate whether startups are building foundational technology or merely implementing existing solutions," Malhotra explains. "Companies that differentiate on the core mechanics of voice AI rather than just the application layer have stronger moats." He also emphasises the importance of domain expertise. "Voice AI requires deep technical expertise combined with domain knowledge. We look for teams that understand both the technology's limitations and the specific market needs they're addressing." The bigger question still remains. Can Voice AI become foundational digital infrastructure? Malhotra thinks the answer depends on the use case. "In enterprise contexts, we're seeing voice AI evolve from a feature (like automated calling) to a platform that can handle complex workflows and multiple touchpoints." The opportunity, he adds, lies in companies that can expand beyond single-use cases and integrate deeply into business workflows. What's next for voice AI in india? Looking ahead, Malhotra sees the next 24 months as pivotal. "Voice AI will likely become deeply embedded in workflows rather than remain a standalone tool. Companies that can demonstrate this workflow integration will command premium valuations." He also foresees the emergence of breakthrough consumer applications such as voice companions, therapy, and coaching tools where Indian startups could potentially create globally competitive products, especially given the market's natural comfort with voice-based interactions. Finally, Malhotra believes we'll see the rise of foundational voice AI infrastructure startups that provide the "picks and shovels" enabling the entire ecosystem.
Yahoo
34 minutes ago
- Yahoo
McDonald's India launches plant-based Protein Plus range
McDonald's India (West & South), managed by Westlife Foodworld, has unveiled a new offering, the Protein Plus range. It includes a 100% vegetarian, plant-based Protein Plus Slice, which adds 5g of protein to any burger. Its development has involved collaboration with the CSIR-Central Food Technological Research Institute (CFTRI), part of the Ministry of Science and Technology, as reported by The Hindu. The slice is vegetarian, formed from soy and pea, and does not contain artificial colours or flavours. It is also free from onion and garlic, making it suitable for various dietary needs. Westlife Foodworld CEO Akshay Jatia stated: 'We have always believed in giving our customers more choice, and this time, we are giving them the power to personalise their protein intake. 'The Protein Plus range allows them to enjoy their favourite McDonald's burgers without compromising on their protein needs or the taste.' In conjunction with this launch, Swiggy has formed a partnership with McDonald's India (West & South) to offer the Protein Plus range of burgers exclusively on its platform from 24 July to 11 August 2025, as reported by Afaqs. Customers will be able to find these items in the high-protein section of the Swiggy app. The new burger range will be available in 58 cities across Western and Southern India, including Mumbai, Bangalore, Pune, Hyderabad and Mysore. "McDonald's India launches plant-based Protein Plus range" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
an hour ago
- Bloomberg
Microsoft Suspends Services to Rosneft-Backed India Refiner
Microsoft Corp. has stopped providing services to Rosneft -backed Nayara Energy, the Indian oil refiner said in a statement, adding to challenges facing the company, which was recently hit with European Union sanctions. The Mumbai-based firm filed a lawsuit in the High Court of Delhi against Microsoft for 'abrupt and unilateral suspension of critical services,' according to the statement.
