Mumbai, Nov. 3 -- Sequentially, net profit rose 11.06% from Rs 158.09 crore in Q1 FY27.

The company reported a 3.79% year-on-year decline in consolidated revenue from operations to Rs 1,719.48 crore in Q2 FY27 from Rs 1,787.17 crore. Sequentially, revenue declined 3.77% from Rs 1,786.83 crore in Q1 FY27.

Profit before tax stood at Rs 232.49 crore in Q2 FY27, up 7.51% vs previous quarter and 87.55% vs year-ago quarter.

Total expenditure declined 10.79% year on year to Rs 1,477.20 crore from Rs 1,655.82 crore. Raw material consumed increased 2.69% to Rs 935.80 crore, while employee expenses declined 2.24% to Rs 220.10 crore. Interest costs rose 30.85% to Rs 32.53 crore, while depreciation declined 13.71% to Rs 71.52 crore.

Among busines...