CDSL

Healthy quarterly performance

1. Strong growth in demat accounts CDSL continues to benefit from rising retail investor participation in India. The number of demat accounts has been steadily increasing, helping boost transaction volumes and recurring revenue. 2. Record market participation supporting business Higher activity in equities, IPOs, mutual funds and derivatives has supported strong growth in depository services. Increased retail investing trends remain a major long-term positive for the company. 3. Healthy quarterly performance Recent quarterly results showed strong revenue and profit growth driven by: Higher transaction charges Annual issuer charges Online data services IPO-related activity 4. IPO market boom helping CDSL Strong IPO activity in India continues to support CDSL’s business growth. Every new investor opening a demat account adds to long-term revenue potential. 5. Technology and digital expansion CDSL is investing further in digital infrastructure, cybersecurity and technology upgrades to handle rising transaction volumes efficiently. 6. Competitive position remains strong CDSL remains one of India’s two major depositories and continues to maintain strong market share in new demat account additions. Retail brokers and fintech platforms have contributed significantly to account growth. 7. Stock performance The stock has seen strong investor interest over the past year due to: High return ratios Asset-light business model Strong cash generation Monopoly-like industry structure 8. Bonus and shareholder-friendly actions Investors continue to expect strong dividend payouts because of the company’s cash-rich balance sheet and consistent profitability.