Mon Jan 27 14:23:03 IST 2025: ## CDSL Stock Plunges 9.5% After Disappointing Q3 Earnings

**Mumbai, [Date]** – Shares of Central Depository Services (India) Limited (CDSL) experienced a sharp decline today, plummeting 9.5% to an intraday low of Rs 1,358.35 after the company reported a significant drop in its Q3 FY25 earnings. The fall brought the stock slightly above its lower circuit breaker.

The company’s net profit fell 39% year-on-year to Rs 105 crore, compared to Rs 171 crore in the same period last year. Operating income also decreased by 11% YoY to Rs 221 crore. EBITDA suffered a 37% sequential decline, falling to Rs 146 crore from Rs 231 crore in Q2 FY25. The number of new demat accounts opened also slowed, reaching 92 lakh in Q3 FY25, down from 1.18 crore in the previous quarter. Demat custody value also dipped to Rs 75 lakh crore from Rs 78 lakh crore.

This contrasts sharply with the strong Q2 FY25 performance, which saw a 48.8% YoY surge in net profit and a 55.5% YoY jump in revenue.

The stock’s recent performance has been volatile. Over the past five trading days, CDSL shares have fallen 14%, and over the past month, they have shed more than 23%. Despite this, the stock is still up 11.5% in the past six months and 55% over the past year. This performance outpaces the Nifty 50 index, which has fallen more than 2% in the past five days, 4% in the past month, and 8% in the last six months, while showing only a 5% return over the past year.

In contrast to CDSL’s results, real estate firm Macrotech Developers announced strong Q3 results, reporting an 87.02% increase in profit to Rs 944.80 crore and a 39.32% rise in revenue to Rs 4,083.00 crore. The company also highlighted record pre-sales and debt reduction.

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