India’s largest depository, Central Depository Services (India) Limited (CDSL), disclosed a 20% year-on-year decrease in consolidated net profit for the March quarter in FY26. The company’s profit after tax (PAT) for the quarter was Rs 80 crore, down from Rs 100 crore in the previous year. On a standalone basis, net profit also fell by 15% to Rs 68.8 crore compared to Rs 80.8 crore a year earlier.
Revenue from operations during the quarter, however, saw a 17% increase to Rs 263 crore from Rs 224 crore in the corresponding period last year. EBITDA rose by 6.7% year-on-year to Rs 116.8 crore from Rs 109.4 crore, although margins contracted to 44.4% from 48.7% a year earlier.
Total income for the quarter reached Rs 268.4 crore, marking a 4.9% year-on-year increase from Rs 255.8 crore, but showing a 20.0% sequential decline from Rs 335.6 crore in the December quarter. For the full year FY26, consolidated net profit dropped by 13.5% to Rs 455.1 crore from Rs 526.3 crore in FY25.
Revenue from operations for the year grew by nearly 6% to Rs 1,145 crore from Rs 1,082 crore in the previous financial year, while total income rose by 3.3% to Rs 1,238 crore from Rs 1,199 crore. Total expenses for the March quarter were reported at Rs 164 crore, with expenses increasing by 23% annually to Rs 625.4 crore from Rs 507.0 crore in FY25.
The board of directors of CDSL has proposed a final dividend of Rs 12.75 per equity share for FY26, subject to shareholder approval. In the previous fiscal year, a dividend payout of Rs 12.50 per share was announced. CDSL, the largest depository in India by the number of active demat accounts, serves a majority of retail investors with leading discount brokers.
Shares of CDSL closed lower at Rs 1,272 apiece on Thursday, down 2.63% on the NSE.
