Mumbai, July 17 -- The company's net loss narrowed to Rs 4.31 crore in Q1 FY27 from a loss of Rs 14.10 crore in Q1 FY26. However, on a sequential basis, it slipped into a loss from a profit of Rs 65.55 crore reported in Q4 FY26.

Revenue from operations increased 27.74% YoY but declined 1.76% QoQ to Rs 683.83 crore in the June 2026 quarter.

Pre-tax loss stood at Rs 4.06 crore in Q1 FY27, compared with a loss of Rs 14.15 crore in Q1 FY26 and a pre-tax profit of Rs 44.01 crore in Q4 FY26.

On the cost front, total expenditure increased 22.99% YoY to Rs 245.85 crore. Employee expenses rose 23.09% YoY to Rs 58.26 crore. Finance costs increased 29.11% YoY to Rs 176.14 crore while depreciation expense rose 26.53% YoY to Rs 282.78 crore.

The c...