Companies

CDSL standalone net jumps 82%

Our Bureau Chennai | Updated on July 27, 2020 Published on July 27, 2020

Central Depository Services (India) has reported a 67 per cent rise in consolidated net profit at ₹46.73 crore for the Q1 of FY21 as against ₹27.91 crore posted for the same period year-ago. PAT on standalone basis rose 82 per cent at ₹37.01 crore (₹20.35 crore).

Consolidated revenues increased 17 per cent at ₹86.01 crore (₹73.43 crore) while standalone revenues were up 29 per cent at ₹66.96 crore (₹51.85 crore). During the Q1, the number of new active accounts rose by about 20 lakhs to 2.32 crores.

Nehal Vora, MD & CEO, said: “CDSL has ensured that our depository services continued to work seamlessly during the last quarter despite the unprecedented outbreak of the pandemic of Covid-19”.

After hitting a 52-week high of ₹361.80 on the NSE, shares of CDSL closed at ₹350.55, up 8.50 per cent.

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Published on July 27, 2020
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