Central Depository Services (India) Ltd (NSE:CDSL)
₹ 1,339 -8 (-0.59%) Market Cap: 279.85 Bil Enterprise Value: 271.66 Bil PE Ratio: 59.38 PB Ratio: 14.28 GF Score: 100/100

Q3 2026 Central Depository Services (India) Ltd Earnings Call Transcript

Feb 2, 2026 / 10:30 AM GMT
Release Date Price: ₹1237.2 (+0.56%)

Key Points

Positve
  • CDSL maintained an 80% market share with over 17.27 crore DAt accounts.
  • The company received significant global recognitions, including the Central Securities Depository of the Year 2025 award.
  • CDSL's CSR efforts were acknowledged with the Project of the Year Healthcare Award at the India CSR Awards 2025.
  • The company achieved a milestone of 100 million YouTube channel views, indicating strong engagement with investors.
  • CDSL's total income for the nine months increased to 970 crore from 944 crore in the previous year.
Negative
  • The combined average daily turnover at BSN NSC decreased by 8.3% compared to the previous year.
  • Consolidated net profit for the nine months decreased to 375 crore from 426 crore in the previous year.
  • Technology costs have increased significantly, growing 4x since FY23, raising concerns about cost management.
  • There is uncertainty regarding the impact of CKYC 2.0 on the KRA business, which could affect pricing and market position.
  • The company faces challenges in predicting future technology costs due to evolving market conditions and regulatory requirements.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CENA.NS - Central Depository Services (India) Ltd
Q3 2026 Central Depository Services (India) Ltd Earnings Call
Feb 02, 2026 / 10:30AM GMT

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Presentation
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Ladies and gentlemen, good day and welcome to CDSL Q3 and FY26 earning conference call hosted by SDFC Securities. As a reminder, all participant line will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touchtone phone.

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 constitute as forward-looking statement must be reviewed in conjunction with the risk that the company
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