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Central Depository Services (India) Limited — Earnings Release 2021
Jan 31, 2021
62111_rns_2021-01-31_0e46e9a2-035d-4ef0-81a4-53d2b9a29480.pdf
Earnings Release
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Central Depository Services (India) Limited
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CDSL/CS/NSE/2021/38 January 31, 2021
The Manager, Listing Compliance Department, National Stock Exchange of India Ltd, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051
Dear Sir,
Subject: Media Release for Financial results for the quarter and nine months ended 31.12.2020
We hereby enclose the media release for audited consolidated and standalone financial results of the company for the quarter and nine months ended 31.12.2020.
We submit this information as Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR)
This is for your information and records.
Thanking you.
Yours faithfully
For Central Depository Services (India) Limited
Digitally signed by AMITA NITIN PAUNIKAR DN: c=IN, o=Personal, cn=AMITA NITIN PAUNIKAR, AMITA NITIN serialNumber=c6d3f0ee22fabaf39335be75395812bb 9b838d685efd5be73be0dabc9e4641e8, postalCode=400024, 2.5.4.20=9d33f34b667407e8ba9593a6bd7af80aef950 PAUNIKAR 81cee8362ecf7569f04a6ee8669, st=Maharashtra Date: 2021.01.31 17:25:28 +05'30'
Amita Paunikar VP-Legal & Company Secretary
Regd. Office : Marathon Futurex, A Wing, 25th Floor, Mafatlal Mills Compound, N M Joshi Marg, Lower Parel (E), Mumbai - 400 013. Phone: 91-22-2302 3333 • Fax: 91-22-2300 2036 • CIN: L67120MH1997PLC112443 Website: www.cdslindia.com
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Media Release
CDSL reports a 150% (YoY) and 11% (QoQ) increase in Consolidated PAT
MUMBAI, January 31, 2020: Central Depository Services (India) Limited (“CDSL”), Asia’s first and only listed depository, announced its audited consolidated and standalone financial results for the quarter and nine months ended December 31, 2020.
Shri Nehal Vora, MD & CEO said, “We are very happy to report the robust financial performance for the third quarter of this financial year. Digital products and online services have yet again proven to be the game changer for the capital markets. We are fully committed to drive our prime focus of building a good governance and regulatory framework, transparency, self sufficiency of investors (atmanirbhar niveshak) and secured services.
As we lay the foundation for the ethos of an ‘Atmanirbhar Niveshak’ (the self-sufficient investor), we continue to strive to be the go-to platform for all depository services. We appreciate the constant support of our regulators, other MIIs, Depository Participants, Beneficiary Owners, Vendors, other market participants and thank our employees for their unrelenting dedication and support.”
Key Highlights (YoY)
Consolidated
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✓ Total Profit after Tax for the quarter ended December 31, 2020 increased by Rs. 32.42 crore (150%) to Rs. 54.03 crore from Rs. 21.61 crore of the corresponding quarter of previous year.
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✓ Total Income for the quarter ended December 31, 2020 increased by Rs. 34.71 crore (51%) to Rs. 103.20 crore from Rs. 68.49 crore of the corresponding quarter of previous year.
Standalone
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✓ Total Profit after Tax for the quarter ended December 31, 2020 increased by Rs. 28.96 crore (206%) to Rs. 43.02 crore from Rs. 14.06 crore of the corresponding quarter of previous year.
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✓ Total Income for the quarter ended December 31, 2020 increased by Rs. 29.08 crore (56%) to Rs. 81.25 crore from Rs. 52.17 crore of the corresponding quarter of previous year.
Key Highlights (QoQ)
Consolidated
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✓ Total Profit after Tax for the quarter ended December 31, 2020 increased by Rs. 5.16 crore (11%) to Rs. 54.03 crore from Rs. 48.87 crore of the previous quarter.
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✓ Total Income for the quarter ended December 31, 2020 increased by Rs. 2.03 crore (2%) to Rs. 103.20 crore from Rs. 101.17 crore of the previous quarter. Standalone
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✓ Total Profit after Tax for the quarter ended December 31, 2020 increased by Rs. 4.96 crore (13%) to Rs. 43.02 crore from Rs. 38.06 crore of the previous quarter.
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✓ Total Income for the quarter ended December 31, 2020 increased by Rs. 2.10 crore (3%) to Rs. 81.25 crore from Rs. 79.15 crore of the previous quarter.
The market capitalization of the company is Rs. 5032 crore as on the closing price of the previous trading day.
Business Highlights
During the last three months, the number of new active Beneficial Owners accounts with CDSL has increased by 28 lakhs taking the total number of active beneficial to 2.89 crores .
As on December 31, 2020, CDSL has 589 Depository Participants offering Depository Participants services from over 20,600 locations across the country. These Depository Participants comprise of Clearing Members, Banks, Custodians & Non-Banking Financial Companies.
Your company through its subsidiary CVL continued to generate capital market investor records under CVL, and being the first and largest KYC Registration Agency (KRA) in the country.
We have also initiated new services in line with transformation and requirements of the current times to promote #GoDigital. In addition to our e-voting services, we also offer services to hold Annual General Meeting through Video conference, to make AGM a hassle-
free event for the shareholders and the company. We also provide email updation services to companies to update their shareholder database, to ensure that the dissemination of communication to the shareholders is valid, sufficient and productive.
About CDSL:
Central Depository Services (India) Limited (CDSL) is India’s leading and only listed depository, with an objective of providing convenient, dependable and secure depository services at affordable cost to all market participants. CDSL received its certificate of commencement of business from SEBI in February 1999 and it facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on stock exchanges.
CDSL maintains and services 2.89 crore Demat accounts of Investors or Beneficial Owners (BOs) spread across India. These BOs are serviced by CDSL’s 596 Depository Participants (DPs) from over 20,600 locations.
CDSL’s enduring focus on delivering quality services and innovative products has propelled it on a high-growth path in recent years. Since the financial services industry has become increasingly IT-reliant, cutting-edge technology is at the heart of CDSL’s strategic vision. Major shareholders of CDSL include BSE, Canara Bank, HDFC Bank, LIC and Standard Chartered Bank.
CDSL along with its subsidiaries also provides a host of services to the financial intermediaries and markets, these include:
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CDSL Ventures Limited (CVL) looks after "Customer profiling and Record Keeping" for issuance of Know Your Client (KYC) acknowledgement to mutual fund investors. It is the first and largest KYC Registration Agency (KRA) in India with over 2 crore KYC records. The KRA enables a KYC compliant investor to avoid duplication of KYC process while opening an account for the purpose of trading / investment through multiple intermediaries in the securities market. CVL also provides eKYC and is registered as AUA/KUA with UIDAI.
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CDSL Insurance Repository Limited (CDSLIR) is a company registered under the Companies Act, 1956. CDSL IR has received registration certificate from Insurance Regulatory and Development Authority of India (IRDAI) to act as an ‘Insurance Repository’ under the Guidelines on Insurance repositories and electronic issuance of insurance policies dated 29th May 2015.
● CDSL Commodity Repository Limited allows the Farmer, Farmers Producer Organizations (FPOs), Manufacturers, etc., to obtain electronic warehouse receipts (negotiable or non-negotiable) [eNWRs or eNNWRs] in a demat account against deposit of commodities in any of the warehouses registered with Warehousing Development and Regulatory Authority (WDRA).
Media Contacts
Sandhya Dubey [email protected]
Banali Banerjee
[email protected] +91 9769610385
Gitanjali Sirwal
[email protected] +91 9930514427