Central Depository Services (India) Limited (CDSL) is set to report its earnings for the quarter ended September on October 26.
What Happened: The company informed the exchanges on Monday evening that it has scheduled a board meeting on Saturday, October 26, 2024, to consider, approve and take on record the audited standalone and consolidated financial results of the company for the quarter and half year ended September 30, 2024.
See Also: Reliance’s Q2 Net Profit Dips 5% To ₹16,563 Cr, Beats Estimates
What To Expect: Analysts at IIFL Securities expect the company’s revenue to come in at ₹207.3 crore, a 27% jump from the previous year’s number. EBITDA is seen growing 22% year-on-year to ₹152.2 crore. PAT is expected to jump around 20% higher to ₹109.8 crore.
Earlier in the month, CDSL’s market share in demat accounts increased to 78% from 74% in September 2023 while NSDL’s market share fell to 22% in September from 26% in the previous year. CDSL has around 13.7 crore demat accounts registered with it.
The market infra firm has also unveiled a uniform tariff, effective October 1, 2024, in line with the ‘True To Label' circular issued by the Securities and Exchange Board of India (SEBI).
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