Overview
- Operating revenue rose to INR 380 crore in Q2 FY26, up 37% year over year and about 4% sequentially.
- Total expenses increased roughly 51% to about INR 462 crore, with employee benefits up 27% to INR 114 crore.
- Adjusted EBITDA swung to a loss of INR 35 crore, led by an INR 44 crore adjusted EBITDA loss in the Insta Help vertical, and the company guided for near‑term losses to persist.
- Listing-related charges totaled INR 17.1 crore in the quarter; excluding these costs, pre-tax loss would have been INR 42 crore.
- Segments were mixed: Native revenue reached INR 75 crore but remained loss-making (EBITDA loss of INR 11 crore), international operations turned modestly profitable (EBITDA of INR 0.43 crore on about INR 41 crore revenue), and Insta Help recorded 468,000 orders in October.