NSE's operating margins at 7.2% decreased 290 basis points year-on-year due to lower revenue offset by a reduction in operating expenses reflecting disciplined expense management, ongoing efficiency programs, and lower variable expenses such as travel and entertainment, events, commission, et cetera, due to the pandemic.

Nov 5, 2020 / CFO / receipt, needs a key / Amal Malhotra, CFO | earnings call 2020-11-05 | transcript 9e412045-4ff8-4201-b051-6998ee5668ff | chars 3420-3742 | segment 3