Mumbai, Nov. 5 -- Sequentially, net profit declined 49.96% from Rs 244.2 crore in Q1 FY27.

Revenue from operations fell 9.11% year on year to Rs 1,701.8 crore in Q2 FY27 from Rs 1,872.3 crore. Sequentially, revenue was largely unchanged, compared with Rs 1,702.3 crore in Q1 FY27.

Profit before tax stood at Rs 184 crore in Q2 FY27, down 42.82% vs previous quarter and 64.97% vs year-ago quarter.

Gross margin declined to 49% from 57% in both Q2 FY26 and Q1 FY27. Overheads increased 14.8% year on year to Rs 609.1 crore from Rs 530.6 crore and rose 1.8% quarter on quarter from Rs 598.4 crore.

EBITDA declined 56.5% year on year to Rs 236.2 crore in Q2 FY27 from Rs 543.4 crore in Q2 FY26. Sequentially, EBITDA fell 36% from Rs 369.3 crore in ...