Mumbai, Nov. 14 -- The loss also widened from Rs 17.1 crore in Q1 FY27.

Revenue from operations declined 11% year on year to Rs 275.5 crore from Rs 311.1 crore. Sequentially, revenue fell 24% from Rs 361.8 crore in Q1 FY27.

Gross margin stood at 40.1% in Q2 FY27, compared with 44.9% in the year-ago quarter and 50.9% in the previous quarter.

The company reported an operating EBITDA loss of Rs 6.1 crore, compared with a profit of Rs 6.6 crore in Q2 FY26 and Rs 50.8 crore in Q1 FY27. The operating EBITDA margin stood at -2.2%, against 2.1% a year earlier and 14% in the previous quarter.

Profit before tax and exceptional items stood at a loss of Rs 38.7 crore, compared with a loss of Rs 25.1 crore in Q2 FY26. After exceptional items of Rs...