Shares of Central Depository Companies (India) Ltd (CDSL) tumbled 8.58 per cent to ₹1,371.55 on the NSE at 10.46 AM on Monday after the corporate introduced its outcomes for the quarter ended on December 31, 2024.
CDSL’s Earnings Earlier than Curiosity, Tax, Depreciation, and Amortization (EBITDA) plummeted 37 per cent to ₹146 crore within the December quarter in comparison with ₹231 crore within the previous quarter.
Web revenue additionally witnessed a pointy decline of 38 per cent, falling to ₹105 crore from ₹171 crore within the September quarter.
The corporate added 92 lakh new accounts throughout the quarter, a big drop from the 1.18 crore accounts added within the earlier quarter. This marks the bottom new account addition because the December quarter of FY2024. The slowdown in new account development might point out a cooling in investor enthusiasm or altering market situations.
Demat custody on the finish of the December quarter stood at ₹75 lakh crore, a slight lower from ₹78 lakh crore within the September quarter.
The inventory hit a 52-week excessive of ₹1,989.80 on December 17, 2024 and low of ₹811.00 on March 20, 2024 on the BSE.
