BlueStone’s Q1 Scorecard, Gupshup Axes 100 Jobs & More

BlueStone’s Lacklustre Q1 Show 

BlueStone’s maiden financial results as a listed company showed glittering sales blemished by persistent losses. Even though the losses fell sequentially, the company’s future plans involve a lot more capital expenditure. 

Before we see that, here’s a quick snapshot of the Q1 results

• Consolidated net loss declined 41% YoY to INR 34 Cr 
• Operating revenue surged 42% YoY to INR 492 Cr 
• Expenses zoomed 29% YoY to INR 538 Cr
• ESOP costs surged 175% YoY to…