Mumbai, Aug. 7 -- Revenue from operations declined 45.0% year-on-year (YoY) to Rs 455 crore in Q1 FY27 as against Rs 828 crore in Q1 FY26.

Gross profit stood at Rs 139 crore in Q1 FY27 as against Rs 214 crore in Q1 FY26. Gross margin stood at 30.5% in Q1 FY27 as against 25.8% in Q1 FY26.

Operating expenses declined 35.0% YoY to Rs 333 crore in Q1 FY27 as against Rs 512 crore in Q1 FY26, while operating EBITDA loss narrowed to Rs 165 crore as against Rs 237 crore.

In the automotive segment, revenue from operations declined 44.9% YoY to Rs 455 crore in Q1 FY27 as against Rs 826 crore in Q1 FY26. Gross margin improved to 30.5% from 25.6%, while operating EBITDA loss widened to Rs 112 crore from Rs 96 crore.

The automotive segment's net l...