Mumbai, Nov. 6 -- Revenue from operations stood at Rs 230 crore in Q2 FY26, down 5% year-on-year but up 11% sequentially. Profit after tax came in at Rs 43.8 crore, down 2% YoY but higher by 20% QoQ. The PAT margin remained steady at 19% compared with Q2 FY25, while improving from 18% in Q1 FY26.

Profit before tax stood at Rs 60.1 crore, up 18% sequentially and 1% year-on-year. Adjusted EBITDA grew 27% quarter-on-quarter and 1% YoY to Rs 84.7 crore, with margins expanding to 37%, compared with 32% in Q1 FY26 and 35% in Q2 FY25.

Total expenses were Rs 145.3 crore, down 8% year-on-year and up 4% sequentially. The company maintained cost discipline, with content charging cost at Rs 32.5 crore (down 7% YoY), depreciation at Rs 2.5 crore (up...