Mumbai, July 28 -- However, revenue from operations (excluding excise duty) jumped 165.54% to Rs 1,046.03 crore in Q1 FY27 as against Rs 393.92 crore in Q1 FY26.

Profit before tax (PBT) declined 64.46% year on year (YoY) to Rs 31.49 crore in Q1 FY27.

EBITDA stood at Rs 169 crore in Q1 FY27, registering a growth of 78.8%, compared with Rs 94 crore in Q1 FY26. EBITDA margin was at 16.1% in Q1 FY27 as against 24% in Q1 FY26.

Amit Dahanukar, Chairman & Managing Director, said, "The company made significant progress in integrating the IB business during Q1 FY27, with around 90% of operations transitioned out of the Transition Services & Manufacturing Agreement (TSMA). Only one state remains to be completed, and exceptional transition-relate...