Mumbai, Aug. 24 -- On a consolidated basis, net profit increased 17.05% YoY to Rs 7.14 crore in Q1 FY27, while it turned profitable sequentially from a loss of Rs 57.82 crore in Q4 FY26. Net sales declined 15.30% YoY but increased 19.94% QoQ to Rs 383.20 crore.

Profit before tax increased 80.76% YoY to Rs 20.10 crore in Q1 FY27, compared with Rs 11.12 crore in Q1 FY26. The company turned profitable at the PBT level from a loss of Rs 68.03 crore in Q4 FY26.

Total expenditure declined 19.54% YoY and 3.31% QoQ to Rs 356.04 crore. Raw material consumed declined 27.44% YoY to Rs 256.98 crore. Employee expenses increased 5.39% YoY to Rs 29.53 crore. Interest expense increased 11.77% YoY to Rs 12.91 crore. Depreciation increased 2.81% YoY to R...