Mon Jan 27 13:08:09 IST 2025: ## CDSL Shares Plunge on Disappointing Q3 Earnings

**Mumbai, India** – Shares of Central Depository Services (CDSL) plummeted nearly 10% on January 27th, hitting a three-month low of Rs 1,358.35, following the release of the company’s Q3 earnings report. While net profit increased 21% year-on-year to Rs 130 crore, this growth lagged behind the nearly 30% increase in total income, falling short of market expectations. Furthermore, both net profit and total income decreased sequentially compared to the previous quarter. The number of new demat accounts opened also reached its lowest point since Q4 of FY24, with only 92 lakh new accounts, down from 1.18 crore in the previous quarter.

The underperformance led to concerns among investors, amplified by increased trading volume – more than double the one-month average. Motilal Oswal Financial Services attributed the weaker-than-expected results to continued investments in human resources and technology, although they still predict EBITDA margin expansion.

The negative sentiment surrounding CDSL’s results spilled over into other capital market players, with shares of 360 One WAM and Angel One also experiencing significant drops.

The sharp decline highlights the market’s sensitivity to earnings reports and the importance of consistent growth in the competitive financial services sector. Investors are urged to consult with financial advisors before making investment decisions.

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