o tumbled as much as 15.4% to an intraday low of ₹171.48 on the NSE after its June-quarter results showed margins below analyst expectations. Revenue from operations rose 13% year-on-year to ₹356.75 crore, while consolidated net profit surged 80.7% to ₹34.24 crore. Gross transaction value hit a record ₹5,524 crore, up 19%. However, EBITDA came in at ₹24 crore against estimates of ₹30 crore, with the margin at 6.8% versus the expected 9.4%. Higher advertising and branding spends, along with investments in artificial intelligence, hotels, B2B distribution and ecosystem expansion, weighed on profitability. The company continues to prioritise long-term growth through its AI platform and hotel initiatives even as core bus and flight segments delivered strong gains.

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