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Transaction income growth may lag delivery volume recovery
View Risks →Central Depository Services (India) Limited — Q1 FY24
CDSL reported a strong Q1 FY24 with consolidated revenue up 19% YoY to INR 174 crore and net profit up 28% YoY to INR 74 crore, driven by buoyant capital markets and a 29% YoY increase in Demat accounts to 8.83 crore.
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CDSL reported a strong Q1 FY24 with consolidated revenue up 19% YoY to INR 174 crore and net profit up 28% YoY to INR 74 crore, driven by buoyant capital markets and a 29% YoY increase in Demat accounts to 8.83 crore. Annual issuer charges grew sharply due to higher folios, while transaction income saw muted growth as April-May delivery volumes were weak. Management highlighted continued technology investments and regulatory cost increases. Guidance remains qualitative, with no specific revenue or margin targets. Key risk: transaction income growth may lag if delivery volumes do not sustain the June recovery.
CDSL ने पहली तिमाही (अप्रैल-जून 2023) में अच्छा प्रदर्शन किया। कंपनी की कुल कमाई पिछले साल की तुलना में 19% बढ़कर 174 करोड़ रुपये हो गई। मुनाफा 28% बढ़कर 74 करोड़ रुपये रहा। इसकी वजह शेयर बाजार में तेजी और डीमैट खातों की संख्या में 29% की बढ़ोतरी (अब 8.83 करोड़) है। सालाना शुल्क ज्यादा आया, लेकिन लेन-देन से होने वाली कमाई कम बढ़ी क्योंकि अप्रैल-मई में डिलीवरी वॉल्यूम कमजोर रहा। कंपनी तकनीकी निवेश और नियामकीय लागत बढ़ने पर ध्यान दे रही है। भविष्य में कमाई या मुनाफे का कोई ठोस अनुमान नहीं दिया गया। मुख्य जोखिम: अगर डिलीवरी वॉल्यूम जून जैसा नहीं रहा, तो लेन-देन से कमाई कम हो सकती है।
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Read Transcript →Quarter Snapshot
Demat accounts
8.83 crore
+29% YoY
Total Demat accounts registered with CDSL as of June 30, 2023, reflecting strong retail participation.
Total market capitalization
INR 296 lakh crore
+15% QoQ
Indian market cap as of June 20, 2023, compared to March 31, 2023, indicating market buoyancy.
e-voting revenue
INR 3.40 crore
+80% YoY (FY23 full year)
e-voting revenue for Q1 FY24, showing strong adoption of digital services.
Insurance repository revenue
INR 0.16 crore
+33% QoQ
Revenue from insurance repository business, still nascent but growing from INR 0.12 crore previous quarter.
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Transaction income grew only 9% YoY despite strong cash volumes, as April-May delivery volumes were muted.
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