• Revenue down 45.8% to Rs 930.8 crore
• Net profit down 91.3% to Rs 15.4 crore
• Ebitda down 69.8% to Rs 92.2 crore
• Ebitda margin at 9.9% from 17.8%

Shares fell as much as 4.2% - the most in over three months to Rs 527.3. Only two out of the 24 analysts tracking the stock have a buy recommendation on the stock. Eight have a hold call while 14 analysts recommend selling the stock.

The stock trades 14.5% higher than its 12-month consensus price target of Rs 435, implying a negative return potential.

• Benchmark indices fluctuate between gains and losses
• Nifty up 0.2% at 11,204
• Sensex up 0.16% at 37,937
• Nifty Bank down 0.4% at 21,593
• Nifty Midcap index up 0.15%
• Nifty Smallcap index up 0.3%
• India Volatility Index up 3.2% to 22.38
• Nifty Media extends gains as the top sectoral gainer; up 3.1%
• Nifty Realty, Nifty I.T., Nifty Metal up over 1% each
• Nifty Pharma, Nifty PSU Bank are the sectoral laggards
• Zee Entertainment is the top Nifty gainer; up 3.5%
• BPCL is the top Nifty laggard; down 2.1%
• 1,027 stocks on the NSE are trading with gains while 666 decline

The rupee opened flat in today's session after a rangebound last week that saw the currency remain little changed.

The currency opened at 74.85 against the U.S. Dollar as compared to Friday's close of 74.90.

The currency has been shielded from the headwinds it typically faces in the month of August due to robust foreign inflows into share sales from some of the country's largest banks.

The fund raising, coupled with a weak dollar have ensured stability for the rupee as compared to an average monthly decline of 2.5% in August over the last decade, Bloomberg reports.

Meanwhile, cracks are beginning to appear in India's bond market after underwriters stepped in to rescue a 10-year bond auction on Friday.

An unprecedented government bond supply and the prospects of a prolonged interest-rate pause from the Reserve Bank is causing jitters across the bond market, Bloomberg reports.

• Revenue down 44.9% to Rs 611.5 crore
• Net profit down 33.4% to Rs 257.4 crore
• Ebitda down 41.1% to Rs 409.1 crore
• Ebitda margin at 66.9% from 62.6%
• Lower operating expenses and recording of operating expenses in base quarter aid margins
• Subscription revenue up 18% to Rs 442.2 crore

Brokerage firm CLSA said that the results were a positive surprise, attributing it to a strong growth in subscription reveune.

In its note, CLSA also said that advertising revenue was back to 75% of the pre-Covid levels. It also expects the current dividend yield of 4% to rise higher considering the high cash on the books of the company.

CLSA has a buy rating on the stock with a price target of Rs 490.

Shares rose as much as 9.6% - the most in four months to Rs 438.7. The stock trades at the highest level in six months.