CDSL / Q1-FY24 / claim-ledger

Audit the questions that mattered.

Central Depository Services (India) · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ1-FY24 · 2023-08-03Back to quarter ↗

Questions audited

11

Answered directly

59%

Numeric claims

1

Consistency

contradicted

Question ledger

What was answered, and how?

Swarnabha Mukherjee · B&K Securities

partial

Reason for jump in Annual Issuer Charges and folio count.

the number of folios have increased, in terms of the number of Demat accounts also increase, which has happened, and that has kind of led to a consequential increase in number of folios registered with CDSL, as the primary reason for the increase in the Annual Issuer Charges which you've charged the company. Hence that revenue has grown. We don't share the folios in the public domain.

Swarnabha Mukherjee · B&K Securities

direct

Whether folio increase is one-off due to LIC IPO or steady state.

it's a combination. See, with the buoyant market conditions, the participation has grown overall. Therefore, the secondary market participation has also grown... Also because of buoyant market conditions, more, there are also the IPOs which are hitting the market. It's a combination of both these factors.

Swarnabha Mukherjee · B&K Securities

declined

Ballpark number of folios to understand issuer charges evolution.

Typically, we don't give the folios. I just check from the regulatory standpoint, but as of now, we don't do that. In case if we do that, then we'll put it out on our public domain.

Prakash Kapadia · Anived Portfolio Managers Private Limited

partial

Reason for degrowth in subsidiary KYC Fetch business and pricing pressure.

the extent of degrowth, if you see the quarters, June, in the June ended, April, May quarters were kind of muted. It's only the June quarter where there was basically buoyancy seen, and therefore, that will have a lag effect on CVL's income. ... Not really, I don't think.

Prakash Kapadia · Anived Portfolio Managers Private Limited

direct

Breakdown of other income: mark-to-market and capital gains.

Mark-to-market, gain is INR 13.36 crore in total INR 20 crore, INR 24 crore income.

Prakash Kapadia · Anived Portfolio Managers Private Limited

direct

Revenue of e-voting and consolidated e-CAS for the quarter.

e-voting, we have achieved at INR 3.40 crore and, cash, e-CAS, we have achieved at INR 8 crore.

Amit Chandra · HDFC Securities

partial

Why Annual Issuer Charges growth exceeds retail shareholding growth.

the way the charges are formulated is that there is a ceiling, and if the folio increases beyond a certain limit, and it's portfolio-based charges. The holding in some of the top companies has grown higher than overall increase.

Amit Chandra · HDFC Securities

evasive

Adoption of e-voting and growth potential.

I think rather than specific numbers, I would say the broad trend is our focus on technology. ... That kind of reflects in how many companies want to really kind of adopt the CDSL platform as we move forward.

Sanketh Godha · Avendus Spark

direct

Reason for muted growth in transaction income despite higher cash volumes.

the first two months of this quarter was kind of a muted growth in terms of delivery volumes, et cetera. It's only in the last month of the quarter where we've started seeing some resiliency. Therefore, what we report is on a quarterly basis, and hence, the muted growth.

Sanketh Godha · Avendus Spark

declined

Whether June exit run rate of transaction income is meaningfully better.

It's a future-looking statement. I'm sorry, I will not able to comment on this.

Sanketh Godha · Avendus Spark

direct

Whether employee cost growth of 50% YoY includes one-offs or is run-rate.

Yes. Yes.

Devansh Nikotia · SIMPL

direct

Revenue from insurance repository and user base.

Currently, the income from operation in this quarter that we have achieved is roughly INR 16 lakhs, is against INR 12 lakhs of the previous quarter.