Mumbai, July 28 -- The company's board also gave in-principle approval to set up an entity in China to expand its operations, with further details to be shared later. The announcement came alongside the company's financial results for the quarter ended 30 June 2026.

On a consolidated basis, the company's net profit rose 63.4% YoY to Rs 518.60 crore, while it declined 15.3% sequentially.

Gross revenue increased 49.2% YoY and 24.2% QoQ to Rs 5,527.70 crore in the June 2026 quarter. In US dollar terms, revenue stood at $592.2 million, up 33.3% YoY and 21.1% QoQ.

Gross profit rose 50.4% YoY and 23.8% QoQ to Rs 1,893.40 crore. Gross margin improved to 34.3% from 34.0% in Q1 FY26.

EBITDA climbed 73.6% YoY and 22.5% QoQ to Rs 1,123.30 crore....