Central Depository Services Limited (CDSL) has announced impressive financial results for the second quarter of the fiscal year, with a consolidated net profit rising 24.3% year-on-year to Rs 174 crore. This marks a significant achievement for the company, which also saw its revenue increase by 23.5% to Rs 394 crore during the same period. The EBITDA margin has expanded to 57.6%, reflecting the company's robust operational performance.

In a similar report, the Economic Times noted that CDSL's net profit jumped 24% year-on-year to Rs 173 crore, with revenue growing by 23.7% to Rs 395 crore. The EBITDA margin reported was slightly higher at 58%. CDSL has been active in expanding its customer base, having opened approximately 75 lakh new demat accounts in the quarter, which contributed to assets under custody exceeding Rs 89 lakh crore.S2

These results highlight CDSL's strong position in the market, particularly in the context of the growing demand for dematerialization services in India. The increase in new demat accounts indicates a rising trend among investors towards digital asset management, which is likely to further boost CDSL's performance in upcoming quarters.S1S2