Mumbai, May 25 -- Revenue from operations rose 65.40% quarter-on-quarter (QoQ) to Rs 206.04 crore in Q4 FY26. However, on a year-on-year (YoY) basis, revenue marginally declined 0.45% from the corresponding quarter last year.

Despite the turnaround in profitability, consolidated net profit declined 69.97% YoY compared with Rs 47.13 crore in Q4 FY25.

Profit before tax (PBT) fell 65.78% YoY to Rs 17.78 crore in Q4 FY26, while EBITDA dropped 67.70% to Rs 18.50 crore. EBITDA margin contracted sharply to 9% from 27.7% in the year-ago period.

The company stated that the results include an exceptional item related to the impact of Labour Codes. A provision of Rs 5.17 crore recognised in the quarter ended 31 December 2025 was reversed during t...