CDSL shares zoom 15% as board to decide on bonus issue of shares on July 2

During the fourth quarter of fiscal year 2024, the company announced a 105% year-on-year (YoY) rise in its consolidated net profit at ₹129 crore. Total income rose 86% to ₹267 crore during the quarter.

For the full fiscal year 2024, the company announced a 52% YoY rise in its consolidated net profit at ₹420 crore. Total income rose 46% to ₹907 crore during the quarter.

The board also recommended a final dividend for FY24 of ₹19 per equity share, subject to the approval of the shareholders. Additionally, to commemorate the 25-year silver jubilee celebrations, a special dividend of ₹3 per equity share was recommended, bringing the total dividend payout to ₹22 per equity share, subject to the approval of shareholders.

CDSL claimed it became the first depository to register over 11.56 crore demat accounts in March 2024. During the fiscal year 2024, over 3.26 crore new demat accounts were opened, with a record 1.09 crore of these registered in the fourth quarter alone, the highest quarterly registration of demat accounts in CDSL's history.

Nehal Vora, MD & CEO of CDSL said as the firm transitions from its 25-year anniversary, it remains committed to empowering market participants with digital services like ASBA, e-AGM, eDIS, and margin pledge mechanism. “These tools enhance capital market efficiency and security, and our sustained business and financial growth is a result of the trust placed in us by the stakeholders of the capital markets,” she said.

Shares of the firm have gained over 26% since the beginning of the year. The stock has risen over 105% in the last one year.