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Services Limited reported a decline in its Q4 earnings, with net profit easing to ₹80 crore, while the total number of demat accounts surpassed the 18-crore mark.
For the full financial year FY26, the company’s net profit moderated to ₹455 crore compared to ₹526 crore in FY25. In the March quarter of FY26, consolidated net profit stood at ₹80 crore, down from ₹100 crore recorded in the corresponding period last year.
Despite the dip in profitability, total income for the quarter increased to ₹268 crore from ₹256 crore in the same quarter of the previous fiscal. On an annual basis, consolidated income rose to ₹1,239 crore in FY26, up from ₹1,199 crore in FY25.
The company also achieved a significant milestone by becoming the first depository in India to cross 18 crore demat accounts as of March 31, 2026, up from 15.30 crore accounts a year earlier.
Commenting on the performance, Managing Director & CEO Nehal Vora highlighted that FY26 marked a pivotal phase in strengthening India’s self-reliant investor base. He noted that crossing 18 crore accounts reflects growing investor confidence in the securities market, while also indicating substantial future growth potential given that less than 10% of the population currently participates.
Additionally, the Board has proposed a final dividend of ₹12.75 per equity share (face value ₹10) for FY26.
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