CDSL Posts 13.6% YoY Profit Decline but Strong QoQ Recovery; Nuvama Ups Target to ₹1,840

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reported a Q2 FY26 net profit of ₹140.2 crore, down 13.6% year-on-year, while revenue dipped slightly by 1% to ₹318.9 crore. However, sequential performance was robust with a 37% QoQ profit jump. EBIT margin stood at 50.7%, contracting 765 bps YoY but improving 612 bps QoQ. Nuvama retained its Buy rating and raised the target price to ₹1,840, citing strong sequential growth led by a 195% rise in IPO and corporate action charges and a 48% increase in online data fees.