Central Depository Services (India) Limited CDSL

Leading depository CDSL on Saturday said its net profit doubled to Rs 129 crore for the three months ended March 2024. It had posted a net profit of Rs 63 crore in the same quarter a year ago, Central Depository Services (India) Ltd (CDSL) said in a statement. Total income rose 86 per cent to Rs 267 crore in March quarter 2023-24 from Rs 144 crore in the year-ago period. For entire financial year 2023-24, the depository clocked a net profit of Rs 420 crore, marking a surge of 52 per cent from the preceding year. Total income stood at Rs 907 crore in FY24, a growth of 46 per cent. CDSL had over 11.56 crore demat accounts in March this year. "We remain committed to empowering market participants with digital services like ASBA, e-AGM, eDIS, and Margin pledge mechanism. These tools enhance capital market efficiency and security, and our sustained business and financial growth is a result of the trust placed in us by the stakeholders of the capital markets," Nehal Vora, MD & CEO ...

CDSL is the country's largest depository in terms of the number of demat accounts handled

Central Depository Services on Wednesday said the number of demat accounts on its platform has crossed the 10-crore mark. Central Depository Services (India) Ltd, or CDSL, began operations in 1999 and facilitates holding and transacting in securities in the electronic form and settlement of trades on stock exchanges. In a statement, the depository announced "the crossing of another milestone as more than 10 crore demat accounts were registered with CDSL". CDSL is the largest depository in the country in terms of active Demat accounts and allows investors to deposit securities by opening an account in electronic form (dematerialised).

The official website of the securities depository remained non-functional and showed error till the filing of the story on Friday

CDSL continued to gain BO account market share from NSDL in the June quarter

The stock hit high of Rs 344, zoomed 131% against initial public offer price of Rs 149 per share.

At 10:01 am; the stock was trading at Rs 266, a 79% higher against its IPO price of Rs 149 per share