CDSL Reports Q3 Net Profit of ₹1.33B, EBITDA Margin Declines to 52.51%
Central Depository Services (India) delivered mixed Q3 results with net profit growing 2.30% to ₹1.33 billion and revenue increasing 9.40% to ₹3.04 billion year-on-year. While EBITDA remained unchanged at ₹1.60 billion, the margin compressed significantly to 52.51% from 58.02% in the previous year period.
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Central Depository Services (India) Limited has delivered a steady financial performance in its third quarter results, demonstrating consistent growth in revenue while maintaining stable profitability metrics. The company, which operates as a key player in India's capital markets infrastructure, reported encouraging numbers that reflect its operational stability.
Financial Performance Overview
The company's Q3 results showcase measured growth in core financial metrics alongside stable EBITDA performance. CDSL achieved consolidated net profit of ₹1.33 billion in the quarter, representing a modest increase from ₹1.30 billion recorded in the corresponding period of the previous year.
| Financial Metric | Q3 Current Year | Q3 Previous Year | Growth |
|---|---|---|---|
| Consolidated Net Profit | ₹1.33 billion | ₹1.30 billion | 2.30% |
| Revenue | ₹3.04 billion | ₹2.78 billion | 9.40% |
| EBITDA | ₹1.60 billion | ₹1.60 billion | 0.00% |
| EBITDA Margin | 52.51% | 58.02% | -5.51pp |
Revenue Growth and Profitability Metrics
The revenue performance showed pronounced growth, with CDSL reporting ₹3.04 billion in Q3 revenue compared to ₹2.78 billion in the same quarter of the previous year. This represents a year-on-year growth of 9.40%, indicating strong business momentum and increased activity levels in the company's core service offerings.
However, the EBITDA performance remained flat at ₹1.60 billion compared to the same period last year. The EBITDA margin compressed to 52.51% from 58.02% in the previous year, reflecting a decline of 5.51 percentage points despite revenue growth.
Market Position
As a central depository, CDSL plays a crucial role in India's securities market infrastructure, providing essential services for the custody and settlement of securities transactions. The company's financial results reflect its position within the broader capital markets ecosystem and its ability to generate consistent returns from its operations.
The Q3 results demonstrate CDSL's continued ability to maintain profitability while expanding its revenue base, though margin compression indicates evolving cost dynamics within the business.
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