InvestorQ : What explains the stellar numbers reported by CDSL for the Jun-20 quarter?
Mary Joseph made post

What explains the stellar numbers reported by CDSL for the Jun-20 quarter?

Answer
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sara Kunju answered.
3 months ago


Central Depository Services Ltd or CDSL reported a 67% jump in net profits to Rs.46.73 crore for the Jun-20 quarter. Total income during the June quarter was up 12% at Rs.86 crore. CDSL is the only listed depository in India with the other major depository NSDL still being an unlisted company. CDSL has been leading in new account openings.

CDSL benefited in two ways during the lock-in period. Firstly, its depository services have continued unabated during this period ensuring robust growth in revenues. At the same time, there has been a spurt in fresh trading and demat account openings during the lock-in period and CDSL has been a key beneficiary of this pro-equity trading.