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via economictimes.indiatimes.comBusiness & Companies

CDSL Q2 net profit up 24% YoY to Rs 173 crore

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

CDSL reported a 24% year-on-year rise in Q2 net profit to Rs 173 crore, while revenue grew 23.7% to Rs 395 crore. EBITDA margin expanded to 58%. The depository opened around 75 lakh new demat accounts during the quarter, taking assets under custody beyond Rs 89 lakh crore.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishSolid quarterly results for a securities depository, relevant for the stock but not systemic.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Revenue grew 23.7% to Rs 395 crore.
  2. 02EBITDA margin expanded to 58%.
  3. 03Around 75 lakh new demat accounts were opened, taking assets under custody beyond Rs 89 lakh crore.

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