Infographic|Central Depository Services (India) Ltd.(NSE: CDSL)|Q3 FY23 Results Out|Total Income falls 5.6% qoq

Central Depository Services (India) Limited (NSE : CDSL) is a leading securities depository in India, providing electronic securities services to its clients. It was established in 1999 and is headquartered in Mumbai. CDSL is a subsidiary of the Bombay Stock Exchange (BSE) and offers various services including dematerialization of physical shares, electronic transfer of securities, and e-voting services. CDSL plays a crucial role in the functioning of the Indian capital market and is responsible for maintaining the safety and security of investors’ securities in electronic form. It also provides various value-added services such as e-IPO and e-voting to its clients.

Central Depository Services (India) Limited had an income from operations of Rs 141.19 crore in the quarter ending December 31, 2022, which was slightly lower than the previous quarter’s income of Rs 148.95 crore. The company had other income of Rs 19.68 crore in the same quarter, bringing the total income to Rs 160.87 crore. The expenses for the quarter included employee benefits expense of Rs 17.39 crore, depreciation and amortization expense of Rs 4.94 crore, finance cost of Rs 0.04 crore, computer technology-related expenses of Rs 9.80 crore, and other expenses of Rs 28.79 crore. The total expenses for the quarter were Rs 60.96 crore, resulting in a profit before tax of Rs 99.33 crore. The tax expense for the quarter was Rs 24.56 crore, which left a net profit of Rs 74.77 crore for the period.