Mumbai, Nov. 8 -- On a sequential basis, net profit increased 24.9% from Rs 902 crore in Q1 FY27.

Revenue from operations rose 35.4% YoY to Rs 3,676 crore from Rs 2,715 crore. Sequentially, revenue increased 19.4% from Rs 3,080 crore.

Profit before tax increased 65.0% YoY to Rs 1,505 crore from Rs 912 crore. Sequentially, PBT rose 27.5% from Rs 1,180 crore.

Total expenditure increased 16.1% YoY to Rs 2,252 crore from Rs 1,940 crore. Cost of raw materials consumed rose 93.4% to Rs 1,812 crore from Rs 937 crore. Employee expenses increased 25.4% to Rs 444 crore from Rs 354 crore. Interest costs rose 62.5% to Rs 13 crore, while depreciation increased 25.7% to Rs 142 crore from Rs 113 crore.

The company reported a foreign exchange gain of...