Mumbai, Jan. 23 -- However, revenue from operations rose 5.40% QoQ to Rs 1,199.76 crore during the quarter.

On a year-on-year (YoY) basis, the company's net profit declined marginally by 0.27%, while revenue surged 38.23% for the quarter ended 31 December 2025.

Profit before exceptional items and tax stood at Rs 241.55 crore in Q3 FY26, registering a growth of 15.74% YoY. The company reported an exceptional loss of Rs 40.14 crore during the quarter under review.

EBITDA stood at Rs 304.60 crore, registering a growth of 30.05% from Rs 234.20 crore posted in the corresponding quarter last year. However, the EBITDA margin declined to 25.2% in Q3 FY26 from 27.0% in Q3 FY25.

During the quarter, revenue from battery electric vehicles (BEV) g...