NSE's Q1 FY26 PAT rose 10% sequentially, supported by strong margins, cost cuts, and discontinued operations gains.

• Revenue dropped 11% YoY to Rs 4,032 crore, but EBITDA margin expanded to 78% from 69% in Q1 FY25.
• Expenses fell 31% YoY, while profit from associates and discontinued operations added Rs 142 crore to net profit.
• Equity ADTV rose across all segments; NSE retained top global rank in derivatives volume and equity trades.