Transcript of Earnings Conference Call with investor(s)/analyst(s) on Q1 FY-2027 results is attached

AI summary - Q1 FY27 total income grew 85% to INR752 Cr; revenue from operations up 88% to INR702 Cr - EBITDA more than doubled to INR544 Cr with 72% margin; PAT at INR413 Cr - Average Daily Turnover (ADT) rose to INR10.5 lakh Cr; Futures ADT +47% y-y; Options ADT +266% - Client base doubled to 13.72 lakh, showing wider adoption of commodity derivatives - Successful launch of Silver 100 Grams Futures contract; expanded Good Delivery Norms including silver - Early stage of MCX Coal Exchange setup underway; focus on risk management and technology scalability - Electricity futures Q1 ADT INR37 Cr; market share ~55%; strong open interest growth - Expect continued growth in traded clients and product pipeline including indices and metals - Competitive intensity monitored; technology and contract integrity seen as key moats - Bank guarantee regulation impact expected gradual and limited; awaiting FPI participation expansion updates