CDSL / Q2-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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PositiveQ2-FY24 · 2023-10-20Back to quarter ↗

Questions audited

12

Answered directly

46%

Numeric claims

3

Consistency

contradicted

Question ledger

What was answered, and how?

Swarna Mukherjee · B&K Securities

evasive

Breakup of IPO/corporate action revenue and stickiness

On your first question on IPO and credit corporate actions, it's kind of market-driven, so it's kind of difficult to predict, and we don't give any future pretty reference points, so we would not able to kind of give a picture of the future.

Swarna Mukherjee · B&K Securities

evasive

Reason for strong KYC/KRA performance

It's difficult to predict what has caused this outcome. It's kind of the overall buoyant market conditions, what has led to whether it's Fetch or increased KYC opening. It's a culmination of variety of factors, and it plays one upon the other.

Swarna Mukherjee · B&K Securities

partial

Technology cost run rate and other expenses

The cost on the technology cost is something which is a constant, but as we are growing in number of accounts, we have to plan... So it's going to be a constant in investment, which we will continue to do as we move forward.

Amit Chandra · HDFC Securities

evasive

Demat account additions and revenue contribution

So on the first question, Amit, is more of the building blocks getting created in terms of number of Demat accounts. How the investors will react to, as a group or as a collective group, will be dependent on how the market conditions are, et cetera.

Amit Chandra · HDFC Securities

direct

Private companies Demat opportunity and timeline

On the second question, MCA has just, you know, recently put out this regulation. I think the timelines are given by, by September 2024, if I'm not mistaken. So I think, we are anyways, been doing this for a long time.

Prakash Kapadia · Ambit Portfolio

partial

Driver of annual issuer charges growth

The pricing impact is obviously put out in a public domain. It's. There's no change there. But it's a combination of both the first two factors. It's the increased number of private companies coming into the fold, as well as number of folios in increasing.

Paresh Sangani · Club Millionaire

direct

Reason for faster growth in SEBI fees vs depository revenue

The SEBI fees are basically based on the collection and not revenue. So if we have collected, say, revenue of previous year or, you know, before three years, then we have to pay 2% of those collected amount to SEBI.

Supratim Datta · Ambit Capital

evasive

Employee cost trajectory going forward

I think it'd be difficult. We don't give, it forward-looking statements. But the important thing is that, this is a specialized business. We need, really the specialized personnel. And as we embark on a growth journey, we will need to kind of earmark more and more people also.

Sanket Godha · Avendus Spark

declined

Number of private companies falling under MCA Demat rule

So on the first part, I would not like to give any wild answers. I would like it to go through a proper working before I can reveal that. I'm not able to give any numbers on what are the numbers.

Sanket Godha · Avendus Spark

direct

Pledge income and impairment cost for the quarter

We received INR 4.19 crore income during the quarter. With respect to impairment... The value is INR 3.3 crore in this quarter.

Ajox Frederick · Sundaram Mutual Fund

partial

Reason for 80% sequential growth in online charges vs 41% delivery volume growth

Yeah, you can possibly take that as your derivation, but we kind of... It's difficult to again predict that, whether it is only because of this factor or there are a multitude of factors which happen.

Santosh · Kesari Finance

direct

Market share of CDSL in KYC business

So figures are in population, but, our estimate is about 65%.