CDSL reported its earnings for the quarter ended June on Saturday afternoon.

What Happened: The company’s revenue for the quarter came in at ₹257.38 crore, up around 72% from the ₹149.68 crore revenue booked in the same quarter last year. The company’s net profit zoomed over 82% to ₹134.20 crore, compared to the ₹73.57 crore profit posted in the corresponding quarter of the previous year.

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CDSL became the first depository to register over 12.5 crore demat accounts as of June 30, 2024. During Q1 FY 2024-25, 99 lakh new demat accounts were opened. EBITDA for the April-June period stood at ₹154.4 crore with an EBITDA margin of around 60%.

Last month, the company approved the issuance of bonus shares in a 1:1 ratio, meaning shareholders will receive one additional share for every share they currently hold. The record date for the bonus shares will be announced in due course.

Price Action: CDSL’s share price was up 0.63% to close at ₹2,453.20 on Friday.

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