Mumbai, May 22 -- Profit before tax came in at Rs 242.01 crore for the March 2026 quarter, marking a 31.57% year-on-year drop.

Total expenses rose 9.05% YoY to Rs 785.63 crore during the quarter from Rs 720.45 crore in Q4 FY25. Construction materials and equipment expenses rose 52.69% YoY to Rs 122.52 crore. Employee benefits expenses increased 2.16% YoY to Rs 281.13 crore during the period under review.

On the segmental front, revenue from consultancy & engineering projects was Rs 516.71 crore (down 7.99% YoY), and revenue from turnkey projects was Rs 409.58 crore (down 8.71% YoY) during the period under review.

The company's board recommended a final dividend of Rs 2.50 per equity share of face value Rs 5 each (50%) for FY26, subject...