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The Quarter story
The two most recent quarterly results, compared side-by-side.
Revenue and profits have collapsed over five quarters, yet cash reserves improved and promoter confidence remains steady.
Credit cards in circulation grow from 111.2 Mn to 120.0 Mn from Q1 FY26 to Q1 FY27 — expanding the active user base
Revenue plummets from ₹3,489.5 Cr to ₹39.0 Cr from Q1 FY26 to Q1 FY27 — signaling a major demand drop
Cash and cash equivalents rise from ₹140.64 Cr to ₹193.3 Cr from Q2 FY26 to Q1 FY27 — improving short-term liquidity
Adjusted EBITDA falls from ₹304.9 Cr to ₹-16.4 Cr from Q1 FY26 to Q1 FY27 — turning core operations unprofitable
Cost of services falls from ₹3,023.9 Cr to ₹398.9 Cr from Q1 FY26 to Q1 FY27 — tightening operational spending
Profit after tax drops from ₹212.7 Cr to ₹-138.3 Cr from Q1 FY26 to Q1 FY27 — marking a sharp earnings reversal
Promoter shareholding holds steady at 65.72% from Q1 FY26 to Q1 FY27 — maintaining consistent insider backing
Market cap collapses from ₹12,651.59 Cr to ₹3,618.62 Cr from Q1 FY26 to Q1 FY27 — reflecting weakened investor confidence
Public and others shareholding rises from 30.53% to 33.98% from Q1 FY26 to Q1 FY27 — broadening retail participation
Domestic institutional shareholding falls from 3.09% to 0.18% from Q1 FY26 to Q1 FY27 — showing a clear institutional exit