The company said it would take further cost-cutting measures worth about 100 million pounds (about $127 million), after it reported a 2023 loss before tax of 106.6 million pounds compared with a profit of 61.4 million pounds a year earlier.

($1 = 0.7862 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Mrigank Dhaniwala)