CDSL C D S L Q3 FY26 results (Oct–Dec 2025) and concall
CDSL reported a mixed Q3 FY26, with strong growth in Demat accounts and consolidated revenue, but a notable decline in consolidated net profit for 9M FY26 and significant underperformance from its subsidiary, CDSL Ventures Limited (CVL). Management addressed concerns regarding rising technology costs, attributing them to necessary infrastructure investments for future growth and evolving market demands. The company maintained its focus on enhancing the securities market ecosystem and investor trust, while acknowledging a slight drop in incremental market share due to seasonal factors.
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What they filed
Q3 FY26: revenue up 9.4%, net profit up 2.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 322 | 278 | 224 | 259 | 319 −1% | 304 +9% |
| EBITDA | 200 | 161 | 109 | 130 | 176 −12% | 160 −1% |
| Net profit | 162 | 130 | 100 | 102 | 140 −14% | 133 +2% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
