Highlights:

In response to the COVID-19 situation, the company has also created and launched various initiatives to promote customer to perform its functions on its own.

The company observed a buoyant increase in the number of new demat accounts opening in Q1FY2021.

The number of new active beneficial owner accounts with the company has increased by about 20 lakh, taking the total number of active beneficial accounts to 2.32 crore end June 2020, indicating a growth of around 7% to 8%, compared with 6 lakh in Q1FY2020 and 15 lakh in Q4FY2020.

The company has 597 depository participants, offering depository participant services from about 20000 locations across the country, representing around 94.5% to 95% of the pin codes of the country. These depository participants comprise of clearing members, banks, custodians and nonbanking finance companies.

The company has experienced a substantial growth in the number of companies, issuers admitted in demat from 541 in the FY2000 when the company started operations to 14018 in FY2020.

The company has also initiated new services in line with the transformation requirements to promote the digital initiatives.

In terms of the financial performance, the company has posted strong growth in depository and the other businesses and also a decline in the overall cost as compared to last year, especially the employee costs as well as the other expenses.

The company added 9.95 lakh KYCs in Q1FY2021 as compared to 4.68 lakh in Q1FY2020, which was a growth of 112%. The company processed 3.58 lakh KYC records in Q1FY2021 as compared to 1.9 lakh records in Q1FY2020, which was a growth of 87.79%.

The RTA business showed a slight dip. The company had about 433 companies end March 2020, while the company could add only about 20 companies in Q1FY2021, primarily because many of the companies did not want to demat their security.

The cost have declined by Rs 8.77 crore, as the PACL project has a cost of Rs 5.61 crore in the corresponding during last quarter, which is not there this quarter. Currently, threre is no project is on. If there are any new projects come up during the future quarters that will impact.

On salaries, the earlier year bonus provisions which are made on higher side have been reversed amounting to Rs 2 crore during this quarter.

Total annual issuer income is Rs 21 crore (Rs 19 crore last year), transaction charge income Rs 20.55 crore (Rs 9.87 crore), online data charges Rs 9.85 crore (Rs 7.63 crore), IPO corporate action Rs 5.06 crore (Rs 5.31 crore) and CAS statement Rs 2.95 crore (Rs 2.37 crore).

An increase in the other income is largely on account of mark-to-market gain of Rs 6.0-6.5 crore.