Operating margin (OPM) increased by sharp 1437 bps to 60.93%.As a result, the operating profit (OP) climbed up 122% to Rs 60.93 crore. Other income declined 28% to Rs 11.96 crore. Depreciation fell 13% to Rs 2.60 crore. PBT moved up 67% to Rs 63.71 crore in Q2FY2021.

The tax expenses were up by 62% to Rs 14.84 crore. The effective tax rate eased 68 bps to 23.29%. The PAT before MI and Share in Profit of Associates gained 68% to Rs 48.87 crore. After accounting loss of Rs 0.12 crore in minority interest, the Net Profit jumped by 66% to Rs 48.75 crore.

Business Highlights

During the last three months, the number of new active Beneficial Owners accounts with CDSL has increased by 29 lakh taking the total number of active beneficial to 2.61 crore.

As on 30 September 2020, CDSL has 593 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 September 2020, the 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.

The company has also initiated new services in line with transformation and requirements of the current times to promote #GoDigital. In addition to e-voting services, the company also offer services to hold Annual General Meeting through Video conference, to make AGM a hasslefree event for the shareholders and the company. The company 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.

Financial Performance H1FY2021

For six months ended September 2020, the sales of the company were up 39% to Rs 154.47 crore. OPM zoomed by 1736 bps to 59.8%, thus, OP galloped 96% at Rs 92.40 crore. Other income advanced 11% to Rs 32.71 crore. After accounting for depreciation (down by 11% at Rs 5.06 crore), the PBT increased 69% to Rs 120.04 crore in H1FY2021.After EO of Rs 2.23 crore for H1FY2020, PBT increased 64% to Rs 120.04 crore.

The effective tax rate eased 418 bps to 20.4%.Thus, the PAT before MI gained 73% to Rs 95.59 crore. After accounting loss of Rs 0.68 crore in minority interest, the Net Profit, as a result, grew by 67% to Rs 94.91 crore in H1FY2021.