Central Depository Services (India) Ltd's Q3FY25 Quarter Results
- 26 Jan 2025
Result Summary
- Central Depository Services (India) Ltd reported a 16.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 26.3%.
- Its expenses for the quarter were down by 2.9% QoQ and up 45.0% YoY.
- The net profit decreased 19.9% QoQ and increased 20.8% YoY.
- The earnings per share (EPS) of Central Depository Services (India) Ltd stood at 6.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 298.11 | 358.51 | 235.96 | -16.8% | 26.3% |
Total Expenses | 130.45 | 134.41 | 89.96 | -2.9% | 45.0% |
Profit Before Tax | 167.66 | 224.10 | 146.01 | -25.2% | 14.8% |
Tax | 38.57 | 62.73 | 37.51 | -38.5% | 2.8% |
Profit After Tax | 129.80 | 161.96 | 107.48 | -19.9% | 20.8% |
Earnings Per Share | 6.20 | 7.80 | 10.30 | -20.5% | -39.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Central Depository Services (India) Ltd (CDSL) is a prominent player in the financial services industry, operating primarily as a depository in India. The company provides services essential for the settlement of securities in the Indian financial markets. It facilitates the holding and transacting of securities in electronic form, offering a range of services relating to the depository system. CDSL plays a crucial role in the Indian securities market infrastructure, enabling seamless and secure transactions for a wide array of financial instruments. As of the latest available data, CDSL has not been involved in any major public developments that could significantly impact its operations or financial standing.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), CDSL reported a total income of ₹298.11 crores. This represents a decrease of 16.8% compared to the previous quarter (Q2FY25), where the total income was ₹358.51 crores. However, when compared to the same quarter in the previous year (Q3FY24), the total income increased by 26.3% from ₹235.96 crores. This year-over-year growth suggests an overall expansion in revenue streams for CDSL over the 12-month period, despite the short-term quarterly decline.
Profitability
In terms of profitability, CDSL recorded a profit before tax (PBT) of ₹167.66 crores in Q3FY25. This represents a quarter-over-quarter decline of 25.2% from the PBT of ₹224.10 crores in Q2FY25. On a year-over-year basis, the PBT increased by 14.8% from ₹146.01 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 was ₹129.80 crores, marking a 19.9% decrease from the previous quarter's PAT of ₹161.96 crores. Compared to the same quarter last year, the PAT grew by 20.8% from ₹107.48 crores. These figures indicate variations in profitability metrics, with notable changes both on a quarterly and annual basis.
Operating Metrics
For the quarter ended Q3FY25, CDSL's total expenses amounted to ₹130.45 crores, a slight decrease of 2.9% from ₹134.41 crores in the previous quarter. Year-over-year, total expenses increased significantly by 45.0% from ₹89.96 crores. Tax expenses for Q3FY25 were ₹38.57 crores, down 38.5% from ₹62.73 crores in Q2FY25, and up 2.8% from ₹37.51 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 stood at ₹6.20, reflecting a decrease of 20.5% from ₹7.80 in the previous quarter and a decline of 39.8% from ₹10.30 in the same quarter of the previous year. These operating metrics provide insight into the company's cost management and tax strategies over the considered periods.
