Mumbai, July 25 -- However, revenue from operations rose 3.84% year on year to Rs 1,040.66 crore in Q1 FY26.

Profit before tax (PBT) stood at Rs 147.44 crore in the June 2025 quarter, marking a year-on-year decline of 15.21%.

EBITDA stood at Rs 16.39 crore in Q1 FY26, down 13.1% YoY. The EBITDA margin was at 15.8% during the period under review.

Total expenses rose 8.03% YoY to Rs 905.22 crore during the quarter. The cost of services was at Rs 780 crore (up 6.44% YoY), employee benefits expense stood at Rs 61.53 crore (up 30.19% YoY), and connectivity & bandwidth charge was at Rs 8.92 crore (up 7.99% YoY) during the period under review.

The company maintained a strong cash position, closing the quarter with Rs 910 crore post-interim d...