Central Depository Services (India) (CDSL) Q4 24/25 earnings summary

Executive summary

• FY2025 marked a record year with consolidated revenues reaching INR 1,199 crore and net profit at INR 526 crore, reflecting 32% and 25% year-on-year growth, respectively.

• Celebrated 25 years of operations, surpassing 14.5 crore demat accounts milestone and maintaining a dominant 79% market share, with demat accounts growing 32% to 15.29 crore as of March 31, 2025.

• Recognized with multiple industry awards, including the Global Custodian Legend Award and Regulation Asia Awards.

• Technology modernization, investor-focused innovation, and digital service launches such as multi-lingual eCAS, chatbot, and unified investor app were key priorities.

• Audited standalone and consolidated financial results for Q4 and FY2025 were approved with an unmodified opinion.

Financial highlights

• Consolidated total income for FY2025 was ₹1,19,928.23 lakh, up from ₹90,730.39 lakh in FY2024; consolidated net profit after tax was ₹52,632.64 lakh, up from ₹41,955.41 lakh.

• Standalone annual income rose 33% to INR 985 crore, and net profit increased 27% to INR 462 crore year-over-year.

• Q4 FY2025 consolidated income was INR 256 crore, with net profit at INR 100 crore; standalone Q4 net profit was ₹105 crore.

• CDSL Ventures reported a 35% increase in income to INR 254 crore and a 28% rise in profit to INR 109 crore for FY2025.

• Received a ₹48 crore dividend from a subsidiary in Q2FY25.

Outlook and guidance

• No forward-looking financial guidance was provided; management emphasized ongoing technology upgrades and readiness for future market volume surges.

• The Board remains confident in the company’s legal position regarding the Anugrah Stock & Broking Pvt. Ltd. arbitral award, with no financial impact recognized.

• Dividend payout policy remains at 60% of standalone operating profit, with a payout of 61.3% this year.