Mumbai, Oct. 16 -- The company's normalized net profit increased 25.8% YoY to Rs 15.82 crore from Rs 12.6 crore in Q2 FY26. Reported profit after tax rose 5.79% YoY and 108.78% QoQ to Rs 34.01 crore from Rs 32.15 crore and Rs 16.29 crore, respectively. Reported PAT included a one-off gain of Rs 18.2 crore from an earnout reversal.

Profit before tax stood at Rs 39.31 crore in Q2 FY27, up 7.76% vs the year-ago quarter and 76.99% vs the previous quarter.

EBITDA increased 9.5% YoY to Rs 34.2 crore. However, the EBITDA margin declined to 8.7% from 10% a year ago, contracting 135 basis points.

Material costs rose 34.7% YoY to Rs 246 crore, while employee expenses increased 28.24% to Rs 67.89 crore. Other expenses stood at Rs 45 crore, up 2.5...