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Revenue
₹224 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
CDSL reported a weak Q4 FY25 with consolidated net profit of INR 100 crore, down 22% YoY from INR 129 crore, as total income fell to INR 256 crore from INR 267 crore. The decline was driven by lower market volumes, reduced delivery-based transactions, and a slowdown in demat account openings. For the full year, revenue grew 32% to INR 1,199 crore and PAT rose 25% to INR 526 crore, supported by strong account additions (15.29 crore, +32% YoY) and market share of 79%. Management emphasized ongoing technology investments and a focus on infrastructure resilience, but provided no specific forward guidance. Risks include continued market volatility, regulatory changes in KYC/KRA, and competitive pressure in the insurance repository business.
Colored figures show movement against the previous available record.
Guidance to track
No guidance to track were recorded for this quarter.
Risks flagged
- Delivery-based volumes and overall market activity have dropped, impacting transaction and IPO-related income.
- A centralized KYC system may reduce the need for KRA services, potentially impacting CDSL Ventures' revenue.
- CDSL's insurance repository lags behind competitors with lower market share and limited traction despite 14 years of operation.
Key quotes
- The fact that quarter on quarter, despite markets going through its ups and downs, we continue to grow in terms of number of demat accounts, number of people wanting to become a part of the CDSL ecosystem clearly showcases that this is with a customer-centric focus.
- We have a very specific focus. Otherwise, in the last five years, we would not have grown from 1.8 crore demat accounts to 15.5 crore.
- The initial 10-12 years, we were hoping that repository as a product would be made mandatory by the respective regulators. We still await and are hopeful that in future, that guidelines may come in.
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