Amit Chandra · HDFC Securities
evasiveQuantify volume decline vs pricing cut in transaction charges; possibility of price revision upward.
In terms of specific numbers, we don't put that out in the public domain.
CDSL / Q3-FY25 / claim-ledger
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Central Depository Services (India) · Analyst questions, management answers, and the quality of the response where the ledger is available.
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Questions audited
12
Answered directly
21%
Numeric claims
0
Consistency
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Question ledger
What was answered, and how?
Amit Chandra · HDFC Securities
partialReason for weak online data revenue despite strong account additions.
In terms of the account opening online charges with CVL also, I think is kind of in line with the overall contribution of volumes in the market, which has really maybe led to this.
Amit Chandra · HDFC Securities
evasiveWhether major technology investments are behind us or will continue.
In terms of technology, it's a continuous process of kind of evolution. I think the most important constant in the technology world specifically, overall also, but specifically in technology, the change is the holding on.
Amit Chandra · HDFC Securities
evasiveBreakdown of technology spend into discretionary vs run-the-business.
I think our philosophy, Amit, and that's where CDSL has kind of been able to be successful. In fact, has been proactive on the technology side and not being worried too much with the market quarter-on-quarter volumes.
Akshay Kaila · CD Integrated Services
evasiveBallpark growth in average folios in 9M FY25 vs FY24 average.
We don't give out the folios, but we give out the value of the annual issuer charges. And that could be a proxy for you to really understand on how the folios growth happen.
Akshay Kaila · CD Integrated Services
declinedBreakup of IPO vs corporate action in that revenue line.
In terms of your second question on IPO and corporate actions, we don't give that breakup.
Akshay Kaila · CD Integrated Services
declinedProportion of fixed vs variable costs in total expenses.
We don't give the break-up between fixed and variable costs because it's kind of in a very hybrid function, so it may not give the right picture.
Akshay Kaila · CD Integrated Services
deflectedCDSL's competitive edge vs NSDL in technology/service/growth.
Our intent has never been to look at market share or competitive edge. Our intent has always to create the value proposition for the stakeholders and let the stakeholders decide which road to take.
Supratim Datta · AMBIT Capital
directRevenue from private company dematerialization this quarter.
In terms of unlisted income for the quarter, we have an income of INR 7.47 crore, out of which INR 4.76 crore is a processing income, which is one-time income.
Supratim Datta · AMBIT Capital
evasiveKey triggers for approaching regulator for annual issuer price hike.
There's a multitude of factors which the regulator goes through. Unfortunately, that is not available in the public domain.
Supratim Datta · AMBIT Capital
directBreakdown of e-CAS and e-voting revenue per quarter.
In terms of e-CAS charges, it is clocked at INR 14 crore, and e-Voting is at INR 5 crore.
Sanketh Godha · Avendus Spark
evasiveWhether average realization per transaction declined due to true-to-label pricing.
We don't give those numbers out in the public domain.