Q2 2026 Central Depository Services (India) Ltd Earnings Call Transcript
Key Points
- Central Depository Services (India) Ltd (NSE:CDSL) reported a total income of INR 290 crores and a net profit of INR 128 crores for Q2 FY26.
- The company maintained an 80% market share with 16.5 crore demat accounts, reflecting strong market presence.
- CDSL launched Phase 2 of its initiative to simplify and strengthen the nomination process for investors, enhancing investor convenience.
- The company actively participated in investor education initiatives, including the World Investor Week and SEBI's scam awareness campaign, promoting financial literacy.
- CDSL's focus on building scalable and secure infrastructure aligns with its long-term strategy for consistent and sustained financial performance.
- The combined average daily turnover at BSE and NSE for Q2 FY26 was around INR 1 lakh crore, 18% less than the September 2024 quarter.
- Total income for the quarter ended September 2025 decreased to INR 341 crores from INR 359 crores in the previous year.
- Net profit for the quarter ended September 2025 was INR 140 crores, down from INR 162 crores in the corresponding quarter of the previous year.
- The company faced increased technology and employee costs, which have been rising consistently over the past few years.
- CDSL's market share in incremental demat account additions has decreased from 93% in Q3 FY25 to 82% in the current quarter.
Ladies and gentlemen, good day, and welcome to CDSL Q2 FY26 earnings conference call hosted by HDFC Securities. (Operator Instructions)
Please note that this conference is being recorded. Ladies and gentlemen, please note that CDSL does not provide specific revenue or earnings guidance. Anything said on this call, which reflects CDSL's outlook for the future or which could be constituted as a forward-looking statement must be reviewed in conjunction with the risks that the company faces.
I now hand the conference over to Mr. Amit Chandra from HDFC Securities. Thank you, and over to you, Mr. Chandra.
Yeah. Thank you, operator. Good afternoon, everyone. On behalf of HDFC Securities, we welcome you all to the CDSL Quarter 2 FY26 Earnings Call. Today, we have with us the management team of CDSL represented by Mr. Nehal Vora, MD and CEO; Mr. Girish Amesara, Chief Financial Officer; and other senior leaders from the management team. We will start with a brief overview of the quarter by Mr. Nehal Vora, and
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