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These financial results from CDSL for Q4 FY24 are quite impressive, showing robust growth both in total income and net profit.
- Total Income: An increase from Rs 14,381 crore in Q4 FY23 to Rs 26,736 crore in Q4 FY24, representing an 85% year-on-year growth, is a strong indicator of significant operational success. This could be due to an increase in the number of transactions handled by CDSL, expansion of services, or possibly growth in revenue from existing services due to a bullish stock market.
- Net Profit: The net profit showing a 108% increase from Rs 1,873 crore in Q4 FY23 to Rs 3,898 crore in Q4 FY24 is particularly noteworthy. This dramatic rise in profits suggests not only increased revenue but also efficient cost management and possibly better margins. A higher profit margin can indicate improved operational efficiency and effective cost control measures.
That’s a significant announcement from Central Depository Services Limited (CDSL) regarding their Q4 FY24 dividends. The declaration of a Rs 19 per share final dividend alongside an additional Rs 3 per share as a special dividend to mark their 25-year silver jubilee is a strong indication of the company’s financial health and its commitment to rewarding shareholders.
“We remain committed to empowering market participants with digital services like ASBA, e-AGM, eDIS, and Margin pledge mechanism. These tools enhance capital market efficiency and security, and our sustained business and financial growth is a result of the trust placed in us by the stakeholders of the capital markets,” Nehal Vora, MD & CEO
CMP- 2079 And Traded at Near LIFE High.
CDSL – Central Depository Services (India) Limited (cdslindia.com)
Disclaimer-
It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
