Mumbai, Nov. 13 -- Revenue also declined 7.5% sequentially from Rs 455 crore in Q1 FY27.

The consolidated net loss narrowed to Rs 362 crore from Rs 418 crore a year earlier. However, the loss widened from Rs 336 crore in the previous quarter.

Adjusted operating EBITDA loss stood at Rs 246 crore, compared with Rs 258 crore in Q2 FY26 and Rs 195 crore in Q1 FY27. The adjusted operating EBITDA margin weakened to -58.5% from -37.4% a year earlier and -42.8% in the previous quarter.

Gross margin declined to Rs 126 crore from Rs 213 crore in the year-ago quarter, while the gross margin contracted to 29.93% from 30.9%. Operating expenses declined 21.8% year on year to Rs 369 crore from Rs 472 crore. Operating EBITDA loss widened to Rs 218 cro...