Mumbai, Sept. 17 -- Profit before tax (PBT) fell 31.49% YoY to Rs 5.07 crore in Q1 FY26.

During the quarter, EBITDA declined 9.09% to Rs 10 crore, compared with Rs 11 crore posted in same quarter last year. EBITDA margin contracted to 11.1% in Q1 FY26 as against 9.8% in Q1 FY25.

Cold-rolled grain-oriented (CRGO) sales remained flat compared to Q1FY25, however, transformer sales declined due to a temporary slowdown in tendering process, particularly on distribution side. EPC project mobilization was slower, impacting revenue contribution for the quarter.

As of 30 June 2025, the company's order book stood at Rs 294 crore, largely comprising unexecuted EPC contracts and transformer supply orders. CRGO laminates has a short order cycle and...