CDSL Share Price in Focus: Revenue and NPAT Fell in Q4FY25

On Monday, May 5, 2025, the CDSL share price is expected to react as the company releases its financial results for the quarter (Q4FY25) and year (FY25) ended March 31, 2025. During the period, the company reported another round of sequential declines across key financial metrics, raising concerns about its core business performance.

CDSL Q4FY25 Results Highlights

Revenue for the quarter came in at ₹224.4 crore, marking a 19.3% drop from the previous quarter. This sharp decline was primarily attributed to weaker performance in CDSL’s core depository services segment, which itself registered an 18% quarter-on-quarter fall. Net profit also took a hit, falling 23% year-on-year to ₹100 crore. The drop in profitability was driven largely by lower revenues, although it was partially offset by a rise in other income compared to the December quarter.

Operational performance deteriorated further, with EBITDA falling 32% sequentially to ₹109.35 crore. Margins narrowed significantly, down nearly 10 percentage points to 48.73% from 57.79% in the previous quarter, highlighting cost pressures and reduced operational efficiency.

The slowdown in business activity was also evident in user growth metrics. CDSL opened only 64 lakh net new demat accounts during the quarter, a 30% decline from the 92 lakh added in the December quarter. This marks the 2nd straight quarter of deceleration, after a 22% drop in new accounts in Q3.

Demat assets under custody also declined for the second consecutive quarter, falling to ₹71 lakh crore from ₹75 lakh crore previously.

CDSL Declared Dividend

Despite the subdued results, the company’s board declared a dividend of ₹12.5 per share for its shareholders, signalling a continued commitment to returning value to investors. CDSL issued bonus shares in the ratio of 1:1 in August 2024. Considering the bonus issue, the proposed final dividend rate is the highest for CDSL.

Also Read: CDSL Subsidiary Signs MoU with L&T Realty.

Conclusion

CDSL’s latest quarterly results reflect mounting pressure on its core operations, with declines across revenue, profitability, account openings, and assets under custody pointing to a broader slowdown in investor activity.

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