Earnings | Central Depository Services (India) Ltd (NSE: CDSL): Q4FY23 Results Out; Total Income falls 3% YoY

Central Depository Services (India) Ltd (CDSL) is a leading depository in India, providing electronic securities depository services to investors and issuers. It was established in 1999 and is headquartered in Mumbai. CDSL offers a wide range of services, including dematerialization of securities, settlement of trades, corporate actions, and pledge and hypothecation of securities. It is also the first depository in India to launch a facility for e-voting, enabling shareholders to vote on company resolutions online. The company has a robust and secure technology infrastructure, with multiple layers of protection and redundancy to ensure the safety and integrity of investor holdings. CDSL has played a crucial role in the growth of the Indian securities market, enabling easier and more efficient access to securities for investors and reducing the costs and risks associated with physical share certificates. It is a trusted partner for investors, issuers, and intermediaries alike.

• Central Depository Services (India) Ltd reported Total Income for Q4 FY23 of ₹144 Crore down from ₹148 Crore year on year, a falls of 3%.
• Total Expenses for Q4 FY23 of ₹61 Crore up from ₹49 Crore year on year, a growth of 25%.
• Consolidated Net Profit of ₹82 Crore, down 16% from ₹98 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹6.04, down 19 % from ₹7.43 in the same quarter of the previous year.