CDSL Shares Plunge Over 9 Per Cent, Find Out Why

This fall was attributed to the Q3 financial results it reported over the weekend, wherein, it logged a good performance on a YoY basis, however, sequentially, the results were unimpressive.

Around 12:42 PM, the company's shares traded at Rs 1,363 apiece, falling more than 9 per cent in the session.

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Central Depository Services (CDSL) took a major hit in the stock market today. The company’s shares tanked more than 9 per cent in the trading session on Monday in the morning hours.

The shares of the company exceeded a three-month low and reached Rs 1,358.35 apiece, plunging 9.5 per cent. Around 10:34 AM, the firm’s stock traded at Rs 1,373.15 apiece, clocking a fall of 8.47 per cent on the NSE. By noon, the company’s shares stood 8.68 per cent lower. 

This fall in the firm’s share price was attributed to the third quarter financial results it reported over the weekend. The firm reported a good performance on a year-on-year (YoY) basis, however, sequentially, the results were unimpressive.

The company said that its standalone net profit for the October-December quarter during the current financial year (2024-25) stood at Rs 105 crore. Comparatively, the net profit during the preceding July-September quarter in the year stood at Rs 171 crore, while the figure during the third quarter of the 2023-24 fiscal year (FY24) touched Rs 86 crore. 

The total income of the company touched Rs 235 crore in Q3FY25, plunging 27.4 per cent from Rs 324 crore logged in the second quarter of the year. 

In terms of additions in demat accounts, the firm clocked a marginal increase in comparison to the same period last year. The net new demat accounts opened during the quarter under review touched 92 lakh, against 1.18 crore accounts opened during the preceding second quarter in the same fiscal year. The net demat account additions during the October-December quarter in the 2023-24 fiscal year (FY24) stood at 85 lakh.

Around 12:42 PM, the company's shares traded at Rs 1,363 apiece, falling more than 9 per cent in the session.