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C D S L

Q2 FY26

C D S L Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹1,287
Market cap₹26.9K Cr
P/E57.1
Updated16 Oct 2026
Read3 min read

The short version

Revenue from online data charges grew 30% versus 14% growth in new demat accounts, driven by increased market transactions and fetches in KYC records. CDSL foresees growth driven by increased market activity rather than just new demat account openings, as multiple transactions (buy/sell, pledges) contribute to revenue.

From C D S L's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Revenue from online data charges grew 30% versus 14% growth in new demat accounts, driven by increased market transactions and fetches in KYC records.
  • Expect growth in Insurance Repository revenue with LIC integration going live in November and new channels like broking channel under development.
  • Future growth in Insurance Repository anticipated primarily from the broking channel, with the online portal already contributing.
  • Annual issuer charges expected to rise periodically as approved by SEBI to fund technology investments, supporting long-term scalability.
  • Technology investments and employee costs likely to continue growing as CDSL focuses on enhancing technology and human resources.

2 more points from C D S L's call on revenue

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Profitability & Margins

See what C D S L said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • CDSL is focusing on continuous investments in technology and human resources as core drivers for business growth and value creation.
  • The company is proactively investing in upgrading technology to ensure scalability, security, and to meet evolving regulatory and market needs.
  • Recent SEBI circulars and new product initiatives require CDSL to invest in technology enhancements.
  • These investments are part of a medium to long-term strategy to stay aligned with a vibrant and changing market environment.

2 more points from C D S L's call on capex

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Fundraising & Capital Structure

See what C D S L said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The discussion mainly focuses on financial results, revenue breakdowns, transaction charges, market share, technology investments, and regulatory aspects without mention of any orderbook or pending orders data.

C D S L — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹263 Cr, net profit ₹80 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What Central Depository Services (India) Ltd's management said in earlier quarters

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Frequently Asked Questions

What were C D S L Q2 FY26 results?

Revenue from online data charges grew 30% versus 14% growth in new demat accounts, driven by increased market transactions and fetches in KYC records. CDSL foresees growth driven by increased market activity rather than just new demat account openings, as multiple transactions (buy/sell, pledges) contribute to revenue.

What is C D S L share price analysis?

C D S L currently shows a neutral. The stock trades at a P/E of 57.1 with a market cap of ₹26,896 Cr. Investors should review the full earnings analysis for detailed insights.

Is C D S L planning capital expenditure?

CDSL is focusing on continuous investments in technology and human resources as core drivers for business growth and value creation.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.