Key Highlights • Net Profit: Loss of ₹12 Cr vs profit of ₹29 Cr YoY • Revenue: ₹1,824 Cr (↑4.3% YoY) • EBITDA: ₹240 Cr (↑7.3% YoY) • EBITDA Margin: 13.2% vs 12.8% YoY What Stands Out • Revenue and EBITDA showed steady growth • Margins improved slightly YoY • Bottom-line turned negative despite better operational performance Why It Matters Operational efficiency improved, but higher finance costs, depreciation, or exceptional items may have impacted profitability. Learning Outcome Strong operating performance does not always translate into net profit growth. Investors should analyze below-EBITDA factors like interest and exceptional costs.

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