NSDL vs CDSL, Aug. 15 -- National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL) serve as key pillars of India's securities market, and NSDL's recent stock market debut has reshaped the competitive dynamics.

In July 2025, NSDL launched a highly successful IPO priced between Rs.760 and Rs.800, which was fully subscribed within hours. Following its listing, the stock surged nearly 80 per cent above the issue price, touching over Rs.1,425 within just a few days.

Both companies have announced their financial results for the quarter ending on June 30, 2025.

NSDL's consolidated revenue for the June quarter declined 14 per cent sequentially to Rs.312 crore. While depository revenue dropped 3 per cent quarter-on-qu...