Mumbai, July 18 -- However, revenue from operations increased 5.85% year on year (YoY) to Rs 1,094.19 crore in the first quarter of FY26.

The firm posted a pre-tax loss of Rs 22.83 crore in Q1 FY26, compared to a pre-tax loss of Rs 31.45 crore for Q1 FY25.

The company reported a GAAP EBITDA of Rs 176 crore in Q1 FY26, compared to Rs 146 crore in Q1 FY25. Non-GAAP EBITDA stood at Rs 26 crore in the June 2025 quarter, registering a growth of 68% YoY.

The company reported a GAAP gross margin of 40.9% for Q1 FY26, marginally higher than 40.6% in the corresponding quarter of FY25. Meanwhile, non-GAAP gross margin stood at 37.6% for the June 2025 quarter, slightly down from 37.7% in Q1 FY25.

The average transaction value (ATV) rose 6% YoY t...