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CDSL reported a standalone total income of ₹1,096 crores for FY26, an 11.27% increase from ₹985 crores in FY25, with standalone net profit at ₹468 crores (up 1.30% YoY). For Q4 FY26, standalone income was ₹215 crores (up 4.88% YoY), but standalone net profit declined by 14.81% to ₹69 crores. On a consolidated basis, total income for FY26 grew 3.34% to ₹1,239 crores, while consolidated net profit decreased by 13.50% to ₹455 crores. Q4 FY26 consolidated income was ₹268 crores (up 4.69% YoY), but consolidated net profit fell 20% to ₹80 crores.

CDSL continued its strong growth trajectory, adding over 2.7 crores demat accounts in FY26, bringing the total to 18.01 crores as of March 31, 2026. This performance allowed CDSL to maintain an 80% plus market share, with incremental market share consistently in the 85% to 90% range. Management highlighted that the total depository industry demat accounts crossed 22.4 crores.

The company emphasized its continuous investment in technology, viewing it as the 'DNA' of its business. These investments are aimed at ensuring horizontal and vertical scalability to cope with the 10x growth in demat accounts over the past six years. Approximately ₹250-240 crores are being invested annually in technology and fixed asset accretion to maintain a robust and adaptable platform for evolving market structures and regulatory developments.

New KYC regulations, effective April 1, 2026, have led to significant reductions in charges. Fetch charges were reduced by 20% from ₹35 to ₹28, and creation charges by 75% from ₹20 to ₹5. Management noted this is an industry-wide change, and while it impacts revenue streams, the intent is to promote greater investor participation and inclusion.

CDSL Ventures Limited (CVL) experienced a challenging year, with revenue from operations for FY26 declining by 21.21% to ₹182 crores from ₹231 crores in FY25. Total income for CVL was ₹198.17 crores, down 22.27% YoY, and profit after tax saw a substantial drop of 49.65% to ₹55.36 crores from ₹109.95 crores in FY25. CVL is setting up a separate business unit at GIFT IFSC as the first KYC Registration Agency there.

CDSL aims to increase its market share in the unlisted companies segment. Historically, ISIN issuance for unlisted companies has been exclusively handled by competition. However, management stated that this is expected to change in the near future, with both depositories being able to issue ISINs, which could provide CDSL with an additional growth avenue and enhance its competitive position in this segment.

Several key market reforms were launched, including the acceptance of Form 15G/15H (now Form 121) by both depositories and automation of demat account portability. The Securities Market Code 2025, tabled in Parliament, is a significant development aiming to consolidate the Indian securities market framework. CDSL also launched an investor education comic book in collaboration with 'Amar Chitra Katha' in 12 languages to simplify investor education.