Mumbai, Jan. 27 -- Net profit on an adjusted basis increased 20% YoY to Rs 180.9 crore in Q3 FY26. The company disclosed that reported PAT was impacted by a one-time charge of Rs 30.1 crore linked to the new labour code.

Revenue rose 39% YoY to Rs 1,208.5 crore in Q3 FY26, primarily driven by the expansion of electric vehicle traction motor and railway business in India.

EBITDA increased 30% YoY to Rs 304.6 crore in Q3 FY26. EBITDA margin stood at 25.2% in Q3 FY26, down from 27.0% in Q3 FY25, reflecting a change in product mix.

Business and operational updates showed BEV revenue declined 3% YoY to Rs 320.2 crore but still accounted for a higher 38% share of automotive product revenue, up from 32% in Q2 FY26.

The company said its net o...