Mumbai, Aug. 17 -- Revenue from operations rose 27.50% year on year to Rs 423.27 crore during the quarter. Profit before tax declined 26.65% to Rs 25.49 crore from the year-ago period.

Adjusted EBITDA increased 4% year on year to Rs 34.74 crore. However, adjusted EBITDA margin narrowed to 8.2% in Q1 FY27 from 10.1% in Q1 FY26.

The company said the margin contraction was primarily due to expenses associated with the acquisition of Dice, including transaction costs, one-time vendor payments and relocation expenses for more than 100 professionals. Revenue from Dice contracts was not recognised in Q1 FY27 and is expected to start contributing from Q2 FY27.

Margin performance was also impacted by a moderated push of expenses into the profit...