Q2 FY27 sales up 3.4%, but profit after tax remains negative
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Q2 FY27 gross revenue was INR 1,284 million, up 3.4% from Q1 FY27 but down 2.0% year on year. EBITDA rose to INR 24 million from INR 15 million, but profit after tax was a loss of INR 105 million. Gaming revenue grew 3.2% to INR 407 million and gaming subscribers reached 14.5 million. Management targets product EBITDA margins of 25%, up from 20% and 10%. Smart Console launched on Flipkart and Poorvika. Savex signed for wider distribution.
Revenue growth and EBITDA help sentiment, but losses and lower sales show recovery is early. Margin targets and Smart Console deals add upside.