CDSL / Q1-FY25 / 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-FY25 · 2024-07-19Back to quarter ↗

Questions audited

Answered directly

54%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Supratim Datta · Ambit Capital

partial

What drives technology cost growth and outlook for compulsory dematerialization?

Technology and human resources are two building blocks... This is more of a proactive investment... On the second question... we have built and augmented our resources...

Supratim Datta · Ambit Capital

evasive

What is the revenue split in KRA business between brokers and mutual funds?

As a KRA, I do not really know how many mutual funds are actually using... most of the transactions are happening on the exchange platform.

Amit Chandra · HDFC Securities

direct

Was the transaction charge cut fully reflected in Q1 or spillover to Q2?

The first of June is from when the transaction charges and deduction has come into play. So it has not had the full quarter, it's one month of the quarter which has ended.

Amit Chandra · HDFC Securities

direct

What drove the jump in other income and is there insurance revenue?

Other income is largely consisting of investment income, e-voting charges, CAS charges... e-CAS statement income... INR 11 crores... e-Voting... INR 5.6 crores.

Mohit Motwani · Tara Capital

partial

Why did employee cost drop sequentially despite expected increments?

Whatever excess or whatever adjustment needs to be made are done in the month of March by closing the financial statement. So it might happen in some quarters that the March and June quarter are quite similar.

Madhukar Ladha · Nuvama Wealth Management

evasive

How will true-to-label circular affect transaction charges and real-time settlement?

It is work in progress. We are working out. It will have to be approved by the board and then sent to SEBI for its approval... I will not be able to reveal too many details at this stage.

Prayesh Jain · Motilal Oswal Financial Services

direct

What was the rationale for cutting transaction charges?

The real rationale of cutting the transaction charges is basically the economies of scale... the intent was to pass on that economies of scale to the market at large.

Prayesh Jain · Motilal Oswal Financial Services

direct

How many insurance companies are engaged with the insurance repository?

Including life, health, and general insurance companies, we are signed up with 44 companies.

Sanket Godha · Individual Investor

declined

What is the average realization per debit instruction after the price cut?

We don't give that breakup as part of funding, but you can take kind of off the cuff by seeing what is basically the revenue is seen as a total culmination of all that.

Amit Chandra · HDFC Securities

declined

What is the growth in annual issue charges and folio mix?

We don't give these details out in the public domain. It is based on the overall SEBI circular...

Dhaval Shah · Fort Capital

partial

What should be expected technology cost as a percentage of revenue?

That will mean it will be difficult to predict a percentage in the future. But if you go by the past trend, we have been ranging in around that range, about 10%-12%.

Bhargav Sangi · Asian Markets Securities

direct

What drove the 170% YoY growth in IPO and corporate action charges?

The growth in IPO corporate action charges is largely related to the IPO that comes in the market. So higher number of IPO, higher number of revenue will be generated.