Depository major Central Depository Services Ltd (CDSL) on Saturday (October 26) reported a 48.8% year-on-year (y-o-y) rise in its net profit at ₹162 crore for the second quarter ended 30 September 2024.

In the corresponding quarter of the previous financial year, Central Depository Services recorded a net profit of ₹108. crore, the company said in a regulatory filing.

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The company’s operating revenue soared 55.5 per cent to ₹322.3 crore from ₹207.3 crore in the corresponding period of the previous fiscal.

Central Depository Services became the first depository to cross 13.5 crore registered demat accounts as of September 30, 2024. In the second quarter of the financial year 2024-25 alone, 1.18 crore new demat accounts were opened.

CDSL is currently the largest depository in the country in terms of active Demat accounts and allows investors to deposit securities by opening an account in electronic (dematerialized) form.

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The results came after the close of market hours. On October 25, shares of Central Depository Services Ltd ended at ₹1,419, down ₹51.00, or 3.47% on the BSE.