CDSL Posts Robust Q3 FY25 Net Profit Growth but Shares Tumble After Results

CDSL Posts Robust Q3 FY25 Net Profit Growth but Shares Tumble After Results
by Hendrix Gainsborough Jul, 25 2025

CDSL Grows Profits Amid Record Demat Additions, But Investors React Cautiously

Central Depository Services (India) Limited, better known as CDSL, just pulled off another milestone. The company’s financial report for Q3 FY25 shows a 21.49% jump in consolidated net profit compared to last year. That’s ₹130 crore in profit, up from ₹107 crore for the same period the previous year. But the mood in the market wasn’t as upbeat—CDSL’s share price fell a hefty 9.45% to ₹1,358.35 right after it published its results on January 27, 2025.

Dig a little deeper and it's easy to see why investors hesitated. Even though net profit was up year-on-year, CDSL’s total income actually slipped by 16.99% compared to the previous quarter, landing at ₹298 crore. Not only that, but quarterly net profit was down too—a 19.75% drop from the last quarter. The numbers tell a story of strong year-on-year growth paired with a more challenging short-term trend. Investors may be worried this signals turbulence ahead, at least in the near future.

Surging Account Openings and Industry Recognition

You can’t talk about CDSL without mentioning its scale. The firm just crossed 14.65 crore demat accounts, setting a new industry high. What’s especially striking is the 92 lakh new demat accounts added in a single quarter. That kind of growth makes CDSL the clear leader among depositories in India, giving it a big base for future expansion.

And the company’s efforts aren’t going unnoticed. In November 2024, CDSL was honored with the ‘Market Infrastructure of the Year’ award at the 7th Regulation Asia Awards. It’s a nod to its role in supporting the Indian financial markets and keeping operations smooth, even as more people join the world of investing.

Looking at the bigger picture, CDSL’s performance across the first nine months of FY25 stands out even more. Consolidated net profit soared by 64% to ₹426 crore, with total income jumping 61% to ₹944 crore, compared to the same period in the previous year. Standalone results for Q3 back up the story—standalone income hit ₹235 crore (up 26.9% YoY), and standalone net profit reached ₹105 crore (up 22.8%).

There’s also plenty of market activity surrounding CDSL’s stock. As of June 2025, the company’s market capitalization was a massive ₹354.74 billion. Share prices have swung between ₹1,047.45 and ₹1,989.80 over the past year. These moves show just how closely investors are watching each twist and turn in CDSL’s performance. The current Relative Strength Index (RSI) stands at 48.52, hinting at a balanced, but moderately cautious sentiment after the latest results.

So while CDSL is racking up headlines for its growth in profits and accounts, it’s clear that investors are scrutinizing every detail—hoping that the company’s impressive track record can withstand tougher patches in future quarters. It’s one of those classic stock market stories: big wins, cautious optimism, and a clear eye on what comes next.