Zetwerk, a manufacturing platform, saw its net loss jump 43% to ₹88.11 crore in the September quarter, even as its revenue grew 18% to ₹4,599.36 crore.
The growth rate was slower than last quarter's big leap, but the company is still moving forward.
Finance costs and ESOPs push losses
Higher finance costs and employee stock option expenses pushed losses up.
On the bright side, Zetwerk is focusing more on higher-margin products, which helped improve how efficiently it operates.
After going public on October 23, Zetwerk has also been cutting losses from the discontinued civil infrastructure business and tightening its focus for future growth.