Central Depository Services (India)

CDSL reported consolidated Q4 FY26 total income of INR 268 crore (+4.7Current reported value: 4.7. No comparable prior figure is available in the source record.% YoY) and net profit of INR 80Current reported value: 80. No comparable prior figure is available in the source record. crore (-20Current -20 crore vs previous available quarter 2.3 crore.% YoY), impacted by lower IPO/corporate action revenue and mark-to-market losses. Demat accounts crossed 18.01 croreCurrent 18.01 crore. Reported change: +2.7 crore in FY26. (80%+ market share), with 2.7 croreCurrent reported value: 2.7 crore. No comparable prior figure is available in the source record. new accounts added in FY26. Technology costs rose to INR 162 crore, surpassing employee costs, as management emphasized continuous investment to maintain scalability and value proposition. KYC fee cuts (fetch -20%, creation -75%) effective April 2026 will pressure CVL revenue. Guidance remains absent; management highlighted long-term growth potential from low penetration (9-10% of population) and new products like Gift City KRA. Risk: competitive pressure from the other depository and potential regulatory changes under the Securities Markets Code.