Other income surged 62% to Rs 20.75 crore. Depreciation declined 8% to Rs 2.46 crore. PBT jumped 61% to Rs 56.34 crore. The tax expenses were up by 9% to Rs 9.61 crore. The effective tax rate eased 315 bps to 17.06%.

The PAT before MI and Share in Profit of Associates gained 79% to Rs 46.72 crore. After accounting loss of Rs 0.56 crore in Minority interest, the net profit grew by 68% to Rs 46.16 crore.

Business Highlights

During the last three months, the number of new active Beneficial Owners accounts with CDSL has increased by approx 20 lakhs taking the total number of active beneficial to 2.32 crore.

As on 30 June 2020, CDSL has 596 Depository Participants offering Depository Participants services from over 20,000 locations across the country. These Depository Participants comprise of Clearing Members, Banks, Custodians & Non-Banking Financial Companies.

In the quarter ended June 30, 2020, 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.

CDSL has experienced a substantial growth in the number of companies / Issuers admitted in demat from 541 in FY 1999-00 to 14,018 in FY 2019-20, a growth of 18% CAGR.

The company has also initiated new services in line with transformation and requirements of the current times to promote Digital initiatives of the Government. In addition to e-voting services, the company also offers services to hold Annual General Meeting through Video conference, to make AGM a hassle-free event for the shareholders and the company.

The company also provides 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.

Financial Performance FY2020

For the year ended March 2020, Sales of the company were up 15% to Rs 225.06 crore. OPM dipped by 825 bps to 47.3%, thus, OP declined 2% at Rs 106.36 crore. Other income advanced 16% to Rs 56.96 crore. After accounting for depreciation (up 18% at Rs 11.73 crore), the PBT increased 2% to Rs 151.58 crore in FY2020. After EO of Rs 15.14 crore PBT declined 8% to Rs 136.45 crore.

The effective tax rate rose to 23.1% from 22.5%. The PAT before MI declined 8% to Rs 104.98 crore. After accounting for loss of Rs 0.56 crore in minority interest and previous period tax related gains of Rs 1.74 crore, the Net Profit declined 6% to Rs 106.16 crore in FY2020.