CDSL reported a mixed Q2 FY26 with standalone revenue of INR 290 crore (down ~10.5% YoY) and PAT of INR 128 crore (down ~25% YoY), impacted by the absence of a one-time dividend...
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An analyst raised concerns that a potential SEBI circular might reduce the number of KYC fetches required from KRAs, impacting CVL's revenue. Management advised waiting for the circular.
medium · analyst_questionCDSL's share of new demat account additions fell to 82% in Q2 from 93% in Q3FY25, suggesting competitive pressure from NSDL.
medium · data_observationManagement acknowledged that technology and employee costs are rising and will continue, potentially compressing EBITDA margins.
medium · management_commentary