CDSL Shares Up 2% Following Profit Boost and 1:1 Bonus AnnouncementCDSL Shares Up 2% Following Profit Boost and 1:1 Bonus Announcement

Central Depository Services (India) shares rose more than 2% after a significant increase of over 9% on Friday. This surge comes as the company approaches the record date for its bonus issue, set for August 24.

CDSL has announced that its shareholders have approved a bonus share issue in a 1:1 ratio. This means that for every share held, shareholders will receive an additional share. The bonus shares will be issued using funds from the company’s free reserves, including general reserves and retained earnings.

The company reported a strong performance for the first quarter of fiscal year 2025. Its consolidated net profit surged by 82% year-on-year (YoY) to ₹134 crore, while total income increased by 65% YoY to ₹287 crore.

CDSL also noted a milestone achievement, becoming the first depository to register over 12.5 crore demat accounts by June 30, 2024. During this quarter, it opened 99 lakh new demat accounts.

CDSL’s shares have appreciated significantly this year, rising over 57% since January, and more than 148% over the past year. The company plays a crucial role in facilitating electronic securities transactions and works with over 570 depository participants across nearly all pin codes in India.