Mumbai, Oct. 31 -- The company's consolidated total income tumbled 34.9% year-on-year to Rs 1,859.87 crore in Q2 FY26, compared with Rs 2,856.44 crore in Q2 FY25. Sequentially, total income slipped 32.2% from Rs 2,744.15 crore in Q1 FY26.

Profit after tax (PAT) slumped 67.6% YoY to Rs 362.42 crore, down from Rs 1,120.08 crore a year earlier, and fell 68.8% sequentially from Rs 1,162.06 crore in Q1 FY26.

Profit before tax (PBT) fell sharply by 65.2% YoY to Rs 505.51 crore, as against Rs 1,453.67 crore in Q2 FY25, while declining 64% QoQ from Rs 1,405.59 crore in the preceding quarter.

Despite the overall decline, the company's operating PAT hit a record high of Rs 554 crore, up 2% YoY and 4% QoQ, driven by healthy growth in its core bus...