CDSL Q3 revenue rises, margin contracts to 52.9%; No significant impact of new labour code, says co

The Central Depository Services (India) Ltd. reported its earnings for the third quarter on Saturday, January 31.

The company's net profit, revenue, earnings before interest, tax, depreciation and amortisation (EBITDA), increased while margins contracted in third quarter.

its net profit increased 2.5% to ₹133.3 crore from ₹130 crore in the previous year.

The company's revenue increased 9.5% to ₹304.3 crore from ₹278 crore in the third quarter last year.

Its EBITDA increased marginally by 0.3% to ₹161 crore from ₹160.6 crore.

Meanwhile, its margin contracted to 52.9% from 57.8% in the year-ago period.

CDSL said there has been no significant financial impact on the company because of the new labour code.

CDSL shares ended the previous session 0.3% lower at ₹1,319.6 apiece. The stock has declined 8.6% in the past month.

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