Mumbai, July 14 -- On a standalone basis, net profit declined 43.1% QoQ to Rs 47.1 crore in Q1 FY27, while revenue from operations fell 29.5% QoQ to Rs 532.3 crore.

EBITDA (excluding other income) slipped 0.6% QoQ to Rs 88.9 crore. However, EBITDA margin improved 486 bps to 16.7% from 11.8% in Q4 FY26.

On a year-on-year basis, net profit increased 54.2%, while revenue from operations rose 34.6%. EBITDA grew 35.8% YoY, with EBITDA margin improving by 15 basis points to 16.7% from 16.6% a year ago.

Total expenses rose 37.7% YoY to Rs 477.9 crore. Cost of materials consumed increased 40.0% to Rs 339.1 crore, employee benefit expenses rose 51.2% to Rs 12.5 crore, depreciation and amortisation expense climbed 80.3% to Rs 13.7 crore, while f...