Mumbai, Nov. 14 -- Profit before tax declined 31.22% year on year to Rs 31.78 crore in Q2 FY27. Adjusted EBITDA decreased 4.2% to Rs 44.60 crore from Rs 46.50 crore in the corresponding quarter last year. Adjusted EBITDA margin narrowed to 7.7% from 10.8%.
The company said employee expenses increased primarily due to the addition of employees from the Dice acquisition. Other expenses rose largely on account of marketing costs incurred for GFF and other events, user acquisition costs for Zagg.Money, and higher technology and AI-related expenses. Cashback as a percentage of revenue stood at 66.2%, marginally improving from the previous quarter.
Raj P Narayanam, founder and executive chairman of Zaggle Prepaid Ocean Services, said, "the comp...