During its meeting on May 4, 2024, the Board of Directors of CDSL reviewed and approved, among other matters, the Audited Standalone and Consolidated Financial Results of the Company for the quarter (Q4) and year ending on March 31, 2024.
Statement of consolidated financial results of cdsl for the quarter ended March 31, 2024
| All Numbers are in Rs Lakhs except EPS | Quarter Ended 31-03-2024 | Quarter Ended 31-12-2023 | Quarter Ended 31-03-2023 |
|---|---|---|---|
| Total Income | 26,736.90 | 23,595.94 | 14,381.81 |
| Total Expenses | 10,092.62 | 8,995.27 | 6,073.68 |
| Profit/ (loss) before tax | 16,840.15 | 14,499.55 | 8,185.72 |
| Net Profit after tax | 12,941.56 | 10,748.06 | 6,312.01 |
| EPS( basic ) | 12.37 | 10.28 | 6.04 |
Business Performance Highlights:
- CDSL achieved a significant milestone by becoming the first depository to register over 11.56 crore demat accounts in March 2024.
- In the fiscal year 2023-24, CDSL witnessed the opening of more than 3.26 crore new demat accounts, with an unprecedented 1.09 crore accounts registered in Q4 FY 23-24 alone. This quarterly figure represents the highest ever recorded quarterly registration of demat accounts in CDSL’s history.
Dividend Updates :
The Board further proposed a final dividend for the fiscal year 2023-24 amounting to ₹19 per equity share, pending approval from the shareholders. In addition, to mark the 25-year silver jubilee celebrations, a special dividend of ₹3 per equity share was recommended. This brings the total dividend payout to ₹22 per equity share, subject to the shareholders’ approval.
Shri Nehal Vora, MD & CEO, expressed, “As we move beyond our 25-year anniversary milestone, our dedication remains steadfast towards empowering market participants through digital services such as ASBA, e-AGM, eDIS, and the Margin pledge mechanism. These tools not only enhance efficiency but also bolster security in the capital markets. Our sustained business and financial growth stand as a testament to the trust bestowed upon us by the stakeholders of the capital markets. We extend our gratitude to our investors and all stakeholders for their unwavering support and eagerly anticipate continuing our journey together.”