Thread by @ValueEducator

#CDSL Q3 2022 ConCall Highlights

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Numbers Update-

1. Demat accounts across both the depositories stands at 8.4cr,

2. CDSL has 70% of the share at 5.8 cr accounts.

3. The revenue for the Q3 was 151 cr up by more than 50% YoY

4. Number of Demat AC opened as of Dec 21 is more than 29 Lakhs.

5. EBITDA for the quarter stood at 87.42 cr and PAT stood at 63.76 cr

6. The revenue from transaction charges stood at 52.7 cr

7. CVL contributed 33.6 cr of the revenues

8. IPO charges contributed 23.41 cr of revenues

9. Annual issuer charges contributed around 28.98 cr of revenues

10. The 9M debtors provisions stands around 8 cr compared to 7.34 cr previous year.

Business Updates-

1. CVL has seen healthy performance during the quarter, KYC saw a healthy uptick while GST business had dropped as compared to previous year.

2. RTA has now over 800 companies

3. The increased in the volume of fetch has improved the business of CVL

4. Two major expenses for the company are operating costs and employee cost, SMS chargers and alerts cost is the highest cost in operating cost.

5. LIC IPO can bring in additional revenues as it is mandatory to have an demat account to apply for an IPO

6. Company has seen higher participation from Tier 2 and Tier 3 cities compared to last year

7. Company gives discounts to larger players based on the volume of new fetches

8. Going forward CDSL plans to bring in wealth managers to bring their investors on the platform (The programme is not yet launched)

9. Having an insurance in demat is still voluntary, if this becomes mandatory it can bring in additional income to the company