CDSL's Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Central Depository Services (India) Limited (CDSL) for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
| Total Income (₹crs.) | 169.93 | 35.41 | 173.85 | 32.36 | 230.11 |
| Expenses (₹crs.) | 60.84 | 38.82 | 74.86 | 12.82 | 84.46 |
| Net Profit (₹crs.) | 80.5 | 35.43 | 73.68 | 47.9 | 108.97 |
| Margin (%) | 47.35 | 0.01 | 42.38 | 4.97 | 47.36 |
REVENUE:
CDSL reported a total income of ₹230.11 crores for Q2FY24, signifying a substantial 32.36% increase sequentially. On a year-on-year basis, the company displayed remarkable growth, with total income growing by 35.41% compared to Q2FY23.
EXPENSES:
Expenses for CDSL in Q2FY24 amounted to ₹84.46 crores, representing a 12.82% increase compared to the preceding quarter. Year-on-year, expenses increased by 38.82%.
NET PROFIT:
The net profit of CDSL for Q2FY24 was ₹108.97 crores, a substantial 47.9% increase compared to the preceding quarter. On a year-on-year basis, the company achieved a 35.43% increase in net profit, underlining its ability to maintain a strong growth trajectory.
MARGINS:
CDSL's margin in Q2FY24 remained robust at 47.36%, reflecting a 4.97% improvement compared to the preceding quarter, Q1FY24. Year-on-year, the company maintained its margin with a slight increase of 0.01%, showcasing its efficiency in managing costs and driving profitability.
In conclusion, CDSL's financial performance in Q2FY24 demonstrates a robust growth in revenue, profitability, and operational efficiency. The company's consistent focus on delivering high-quality depository and securities services contributes to its strong performance.
Stay tuned for more updates on CDSL's financial performance in the coming quarters.