Mumbai, July 31 -- The company attributed the sharp decline in profitability primarily to a one-time project cost overrun of Rs 91 crore recognised in its Industrial Infrastructure segment. Lower export sales also weighed on the profitability of the Industrial Products segment during the quarter.

Revenue from operations increased 6.73% YoY to Rs 2,302.73 crore in Q1 FY27.

Profit before tax (PBT) declined 80.07% YoY to Rs 42.14 crore in Q1 FY27.

Order inflows remained resilient, with order booking rising 2% YoY to Rs 2,809 crore in Q1 FY27. The company's order backlog stood at Rs 14,045 crore as of 30 June 2026, up 7% from the year-ago period, providing healthy revenue visibility.

Among business segments, revenue from the Industrial Pr...