Mumbai, Oct. 29 -- Sequentially, net profit declined 40% from Rs 40 crore in Q1 FY27.

Revenue from operations increased 30.95% year on year to Rs 275 crore from Rs 210 crore. However, revenue declined 27.25% quarter on quarter from Rs 378 crore in Q1 FY27.

Profit before tax stood at Rs 38 crore in Q2 FY27, down 24% vs previous quarter and up 80.95% vs year-ago quarter.

Total expenses rose 19.42% to Rs 246 crore from Rs 206 crore. Cost of materials consumed declined 53.13% to Rs 15 crore from Rs 32 crore. Employee benefits expense remained unchanged at Rs 35 crore, while other expenses were flat at Rs 45 crore.

The Air Cooling and Other Appliances segment reported revenue of Rs 273 crore, up 24.09% from Rs 220 crore a year earlier. Rev...