Key Highlights
- CDSL’s consolidated total income increased 22% year-on-year to ₹417 crore in Q2 FY27.
- Consolidated net profit rose 24% to ₹173 crore compared with ₹140 crore in Q2 FY26.
- Consolidated total income increased 22% quarter-on-quarter while net profit surged 47%.
- Standalone total income grew 24% year-on-year to ₹359 crore.
- Standalone net profit increased 28% to ₹163 crore in Q2 FY27.
- H1 FY27 consolidated total income rose 19% to ₹758 crore while net profit increased 20% to ₹291 crore.
- CDSL opened around 75 lakh new demat accounts during Q2 FY27.
- Assets Under Custody (AUC) crossed ₹89 lakh crore during the quarter.
- CDSL’s demat account base recorded approximately 17% year-on-year growth.
- CDSL made further investments in India International Bullion Holding IFSC Limited and ONDC.
- CDSL IPF distributed investor education comics to nearly 21,000 students across 60 schools.
- CDSL conducted more than 700 Investor Awareness Programmes across India during the quarter.
Central Depository Services (India) Limited (CDSL) reported a 22% year-on-year increase in consolidated total income and a 24% rise in consolidated net profit for the second quarter of FY27, supported by growth in its depository business and continued participation in India’s securities market.
For the quarter ended September 30, 2026, CDSL recorded consolidated total income of ₹417 crore, compared with ₹341 crore in the corresponding quarter of the previous financial year. Consolidated net profit increased to ₹173 crore from ₹140 crore in Q2 FY26.
On a quarter-on-quarter basis, consolidated total income grew 22% from ₹341 crore in Q1 FY27, while net profit increased 47% from ₹118 crore.
CDSL Standalone Financial Performance in Q2 FY27
On a standalone basis, CDSL reported total income of ₹359 crore in Q2 FY27, registering a 24% increase compared with ₹290 crore in Q2 FY26. The figure was also 10% higher than the ₹327 crore reported in the previous quarter.
Standalone net profit increased 28% year-on-year to ₹163 crore from ₹128 crore in the corresponding quarter last year. Compared with ₹144 crore in Q1 FY27, standalone net profit increased 13% sequentially.
CDSL H1 FY27 Financial Performance
For the first half of FY27, CDSL’s consolidated total income increased 19% year-on-year to ₹758 crore from ₹637 crore in the corresponding period of FY26. Consolidated net profit rose 20% to ₹291 crore compared with ₹242 crore in the previous year.
Standalone total income for the six months ended September 30, 2026, stood at ₹685 crore, up 14% from ₹602 crore in H1 FY26. Standalone net profit increased 10% to ₹308 crore from ₹280 crore.
Demat Accounts and Assets Under Custody
CDSL continued to report growth in investor participation during the September quarter. Around 75 lakh new demat accounts were opened with the depository during Q2 FY27, while its Assets Under Custody (AUC) crossed ₹89 lakh crore.
The company stated that its demat account base grew by approximately 17% year-on-year by the end of the quarter. According to the company, CDSL manages more than 19.34 crore demat accounts and works with over 590 depository participants.
CDSL Expands Investments and Digital Infrastructure Initiatives
During the quarter, CDSL continued its investments in initiatives aimed at strengthening India’s digital and financial market infrastructure.
The company made further investments in India International Bullion Holding IFSC Limited (IIBHL), with the objective of supporting areas including information technology infrastructure development.
CDSL also made a strategic investment in the Open Network for Digital Commerce (ONDC), an initiative under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
Additionally, Centrico Insurance Repository Limited (CIRL), a CDSL subsidiary, entered into a Software Development Partnership Agreement with Shoveltech Solutions Private Limited, which operates in the health-tech sector.
Leadership and Management Appointments
CDSL announced several leadership changes during Q2 FY27. Geetha Gangadharan joined the company’s Governing Board as a Non-Independent Director, effective August 27, 2026.
Farokh Patel was elevated to the position of Chief Regulatory Officer and Compliance Officer, effective September 1, 2026. Kinjal Shah was appointed Chief Technology Officer, effective September 22, 2026.
Investor Education and Awareness Initiatives
CDSL continued its investor education and awareness programmes through its Investor Protection Fund (IPF).
During the quarter, CDSL IPF launched a multilingual investor education film in collaboration with Amar Chitra Katha. The film is based on the organisation’s comic titled ‘The Garden of Prosperity’ and is available in 12 languages.
In another initiative, CDSL IPF partnered with Yuva Unstoppable to distribute investor education comics to nearly 21,000 students across 60 schools.
The organisation also launched ‘Invest Vidya’, an investor education series on YouTube designed to explain investment fundamentals and help individuals make informed financial decisions.
CDSL IPF further conducted more than 700 Investor Awareness Programmes (IAPs) across India during the quarter.
Management Commentary
Commenting on the quarterly performance, Nehal Vora, Managing Director and Chief Executive Officer of CDSL, said that participation in India’s securities market continued to demonstrate resilience despite global macroeconomic volatility.
He highlighted the company’s approximately 17% year-on-year growth in its demat account base during the quarter and stated that increasing market participation remains a driver for strengthening CDSL’s operations and services.
Vora also referred to the company’s leadership appointments and investor education initiatives, including collaborations with Amar Chitra Katha and Yuva Unstoppable. He reiterated CDSL’s focus on strengthening trusted market infrastructure and promoting informed and responsible investing.
