Mumbai, Jan. 27 -- Profit before tax dropped 1.9% year-on-year (YoY) to Rs 33.05 crore during the quarter under review.

EBITDA jumped 9.91% to Rs 386.12 crore in Q3 FY26 as compared with Rs 351.29 crore in Q3 FY25. EBITDA margin improved 8.21% in Q3 FY26 as against 7.78% in Q3 FY25.

Sales volume increased by 3.1% YoY to 90,429 MT compared to 87,714 MT in Q3 FY25. Notably, value-added products contributed a significant share of 23% to the total sales mix, driven by strong demand across key markets.

"The Mangaon plant currently has a total installed capacity of 450,000 MTPA, including 250,000 MTPA with Direct Forming Technology (DFT). It will also serve as the manufacturing unit for an additional 300,000 MTPA of ARW/API-grade ERW pipes, ...