Central Depository Services Sees Rs. 16.84 Crore Block Trade on NSE

CDSL witnessed a significant block trade on the National Stock Exchange (NSE), highlighting notable market activity for the company's shares.

Block Trade Details

Aspect	Details
Total Value	Rs. 16.84 crores
Number of Shares	102,027
Price per Share	Rs. 1,650.60

The block trade, which occurred on the NSE, involved the exchange of 102,027 shares of CDSL. The transaction was executed at a price of Rs. 1,650.60 per share, resulting in a total trade value of Rs. 16.84 crores.

Understanding Block Trades

Block trades are large, privately negotiated transactions in securities that are conducted outside of the open market to minimize the impact on the stock price. These trades are often executed by institutional investors or high net worth individuals and can be indicative of significant interest in a company's shares.

While the specific parties involved in this block trade have not been disclosed, such transactions can sometimes signal shifts in institutional holdings or strategic moves by large investors. However, it's important to note that a single block trade does not necessarily indicate a broader trend or change in the company's fundamentals.

Investors and market watchers may want to monitor CDSL for any potential follow-up announcements or disclosures related to this transaction. As always, it's advisable to consider multiple factors and conduct thorough research when making investment decisions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.85%	-1.97%	-3.81%	+7.16%	+1.26%	+563.62%

Central Depository Services (India) Limited (CDSL), a key player in India's financial infrastructure, has released its financial results for the quarter ended September 2025, revealing a mixed performance with year-on-year declines but significant sequential improvements.

Financial Performance Highlights

Metric	Q2 FY26	Q2 FY25	YoY Change	Q1 FY26	QoQ Change
Net Profit (₹ Crore)	140.21	162.02	-13.6%	102.37	+37%
Revenue from Operations (₹ Crore)	318.89	322.26	-1%	-	-
Total Expenses (₹ Crore)	157.41	134.41	+17.1%	-	-
EBIT Margin	50.7%	58.35%	-765 bps	44.58%	+612 bps

Key Takeaways

Yearly Performance: CDSL experienced a 13.6% year-on-year decline in net profit, dropping from ₹162.02 crore to ₹140.21 crore.
Sequential Growth: Despite the yearly decline, the company showed robust quarter-on-quarter growth with net profit surging 37% from ₹102.37 crore in Q1 FY26.
Revenue: Revenue from operations saw a marginal decrease of 1% year-on-year, settling at ₹318.89 crore.
Expenses: Total expenses increased to ₹157.41 crore, up from ₹134.41 crore in the previous year, representing a 17.1% rise.
Profitability: The EBIT margin stood at 50.7%, down 765 basis points year-on-year but up 612 basis points quarter-on-quarter.

Analyst Perspective

Following the results, Nuvama, a brokerage firm, has maintained its Buy rating on CDSL stock and raised the target price to ₹1,840 from ₹1,780. The brokerage's optimism is driven by:

A substantial 195.2% quarter-on-quarter increase in IPO and corporate action charges.
A 48.4% rise in online data charges.

Nuvama's valuation of CDSL stock is based on a P/E multiple of 61.2x for FY27 and 50.8x for FY28, reflecting confidence in the company's future growth prospects.

Conclusion

While CDSL faces challenges in year-on-year comparisons, its strong sequential performance and the positive outlook from analysts suggest resilience in its business model. Investors and market watchers will likely keep a close eye on how the company leverages its improved quarter-on-quarter performance to address the yearly decline in the coming quarters.