Mumbai, Oct. 6 -- Consolidated net profit rose 80.25% YoY and 30.12% QoQ to Rs 18.34 crore in Q1 FY27. Revenue from operations increased 13.35% YoY but declined 7.10% QoQ to Rs 128.62 crore. The company said the YoY revenue growth was primarily driven by a 46.07% increase in steam sales.

Profit before tax rose 81.25% YoY and 22.47% QoQ to Rs 21.91 crore in Q1 FY27.

EBITDA increased 60.08% YoY and 17.11% QoQ to Rs 30.93 crore in Q1 FY27. EBITDA margin improved to 24.05% from 17.03% in Q1 FY26 and 19.08% in Q4 FY26, representing an expansion of 702 bps YoY and 497 bps QoQ. The company attributed the EBITDA performance to optimal utilisation of waste-to-energy boilers and operating leverage from higher steam sales.

Total expenses increase...