Mumbai, Aug. 10 -- On a consolidated basis, adjusted net profit declined 53.47% YoY and 21.71% QoQ to Rs 8.04 crore in Q1 FY27.

Revenue from operations rose 12.9% YoY and 5.0% QoQ to Rs 498.02 crore during the quarter. This growth was mainly driven by higher demand for Industrial switchgear, wires and Cable and Building products division businesses mainly due to high demand products like three phase transformers, wire harness, relays and new product like contactors etc.

Profit before tax stood at Rs 12.69 crore in Q1 FY27, down 47.7% YoY but up 3.2% QoQ.

EBITDA, excluding other income, declined 25.0% YoY but rose 0.2% QoQ to Rs 31.32 crore. EBITDA margin stood at 6.3%, down 318 basis points YoY and 30 basis points QoQ. The margin moder...