Mumbai, Nov. 2 -- Sequentially, net profit declined 67.89% from Rs 41.70 crore in Q1 FY27.

Revenue from operations increased 14.96% year on year to Rs 358.75 crore from Rs 312.06 crore. However, revenue declined 2.95% quarter on quarter from Rs 369.67 crore in Q1 FY27.

EBITDA declined 33.5% year on year to Rs 31 crore from Rs 46.5 crore. EBITDA margin contracted to 8.6% from 14.9% in Q2 FY26.

Profit before tax stood at Rs 16.65 crore in Q2 FY27, down 70.28% vs previous quarter and 50.68% vs year-ago quarter.

Total expenditure increased 22.43% year on year to Rs 343.52 crore from Rs 280.58 crore. Raw material consumption rose 35.42% to Rs 214.86 crore from Rs 158.66 crore. Employee expenses increased 18.32% to Rs 36.81 crore, while int...