CDSL Q4 FY26 Results: ₹12.75 Dividend Recommended, Detailed Financials Released
CDSL reported audited Q4 and full-year FY26 results with consolidated income from operations rising to ₹1,14,491.87 lakh for FY26 from ₹1,08,226.26 lakh in FY25, while consolidated net profit after tax declined to ₹45,507.66 lakh from ₹52,632.64 lakh. The board recommended a final dividend of ₹12.75 per equity share for FY26, up from ₹12.50 in FY25, subject to shareholder approval. Standalone full-year net profit after tax improved marginally to ₹46,820.95 lakh from ₹46,209.55 lakh, with EPS at ₹22.40 versus ₹22.11.

*this image is generated using AI for illustrative purposes only.
Central Depository Services (India) Limited has published its audited financial results for the quarter and year ended March 31, 2026, as per a newspaper publication filed with the National Stock Exchange of India on May 03, 2026. The results, reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 2, 2026, present a comprehensive picture of the company's consolidated and standalone performance. Alongside the results, the board has recommended a final dividend of ₹12.75 per equity share of face value ₹10 per share for FY26, subject to shareholder approval. For comparison, the dividend for the year ended March 31, 2025 stood at ₹12.50 per equity share.
Consolidated Financial Performance
CDSL's consolidated results for Q4 FY26 and the full financial year ended March 31, 2026 reflect mixed trends across revenue, profitability, and earnings metrics. The following table presents the key consolidated financial figures (all figures in ₹ Lakh except EPS):
| Metric: | Q4 FY26 (31.03.2026) | Q3 FY26 (31.12.2025) | Q4 FY25 (31.03.2025) | FY26 (Year Ended) | FY25 (Year Ended) |
|---|---|---|---|---|---|
| Income from Operations: | ₹26,284.80 | ₹20,435.50 | ₹16,145.91 | ₹1,14,491.87 | ₹1,08,226.26 |
| Other Income: | ₹552.98 | ₹2,924.82 | ₹3,128.22 | ₹9,357.66 | ₹11,697.87 |
| Net Profit Before Tax (before exceptional items): | ₹10,442.58 | ₹17,315.21 | ₹12,637.40 | ₹61,308.90 | ₹69,226.25 |
| Net Profit Before Tax (after exceptional items): | ₹10,322.10 | ₹17,193.14 | ₹12,720.34 | ₹60,898.55 | ₹69,490.29 |
| Net Profit After Tax: | ₹7,979.10 | ₹13,294.81 | ₹10,039.19 | ₹45,507.66 | ₹52,632.64 |
| Total Comprehensive Income: | ₹8,293.45 | ₹13,348.78 | ₹10,020.60 | ₹45,963.26 | ₹52,658.65 |
| Equity Share Capital: | ₹20,900.00 | ₹20,900.00 | ₹20,900.00 | ₹20,900.00 | ₹20,900.00 |
| Other Equity: | — | — | — | ₹1,75,078.25 | ₹1,55,134.47 |
| EPS – Basic & Diluted (₹): | 3.84 | 6.38 | 4.80 | 21.82 | 25.20 |
On a full-year consolidated basis, income from operations grew to ₹1,14,491.87 lakh in FY26 from ₹1,08,226.26 lakh in FY25. However, net profit after tax for the full year declined to ₹45,507.66 lakh from ₹52,632.64 lakh in the previous year, reflecting margin pressures. The full-year consolidated EPS stood at ₹21.82 compared to ₹25.20 in FY25.
Standalone Financial Performance
The standalone results for the quarter and full year ended March 31, 2026 are presented below (all figures in ₹ Lakh except EPS):
| Metric: | Q4 FY26 (31.03.2026) | Q3 FY26 (31.12.2025) | FY26 (Year Ended) | FY25 (Year Ended) |
|---|---|---|---|---|
| Income from Operations: | ₹21,238.65 | ₹25,439.89 | ₹96,045.23 | ₹84,820.91 |
| Other Income: | ₹256.44 | ₹2,431.09 | ₹13,545.39 | ₹13,634.74 |
| Net Profit Before Tax (before exceptional items): | ₹8,716.03 | ₹15,418.98 | ₹60,355.42 | ₹59,353.28 |
| Net Profit After Tax: | ₹6,875.30 | ₹11,994.77 | ₹46,820.95 | ₹46,209.55 |
| Total Comprehensive Income: | ₹6,933.00 | ₹12,001.27 | ₹46,813.70 | ₹46,130.70 |
| Equity Share Capital: | ₹20,900.00 | ₹20,900.00 | ₹20,900.00 | ₹20,900.00 |
| Other Equity: | — | — | ₹1,38,917.16 | ₹1,18,228.46 |
| EPS – Basic & Diluted (₹): | 3.29 | 5.74 | 22.40 | 22.11 |
On a standalone basis, income from operations for the full year FY26 rose to ₹96,045.23 lakh from ₹84,820.91 lakh in FY25. Standalone net profit after tax for the full year improved marginally to ₹46,820.95 lakh from ₹46,209.55 lakh. The standalone full-year EPS stood at ₹22.40 versus ₹22.11 in the prior year.
Dividend and Regulatory Disclosures
The board of directors has recommended a final dividend of ₹12.75 per equity share of face value ₹10 per share for FY26, up from ₹12.50 per equity share declared for the year ended March 31, 2025, subject to shareholder approval. The audited consolidated and standalone financial results were published in the Financial Express and Loksatta newspapers on May 03, 2026, in compliance with Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the audited results is available on the company's website at www.cdslindia.com and on the NSE website at www.nseindia.com . The results were signed off by Nehal Vora, Managing Director & CEO, and the filing was certified by Nilay Shah, Company Secretary & Compliance Officer (ACS No.: A20586).
Historical Stock Returns for CDSL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.36% | +0.45% | -11.63% | -25.22% | -16.98% | +176.46% |
What specific cost pressures or exceptional items drove the ~13.5% decline in consolidated net profit after tax for FY26 despite revenue growth, and are these headwinds expected to persist into FY27?
How might CDSL's financial performance evolve if retail investor participation in Indian capital markets moderates, given the company's heavy dependence on demat account additions and transaction volumes?
Will CDSL's growing subsidiary operations continue to weigh on consolidated margins compared to standalone performance, and what strategic steps is management considering to improve subsidiary profitability?


































