Mumbai, Oct. 29 -- However, net profit declined 14.26% quarter on quarter from Rs 130.25 crore in Q1 FY27.

Revenue from operations increased 38.18% year on year to Rs 1,852.89 crore from Rs 1,340.92 crore. Revenue rose 2.33% sequentially from Rs 1,810.65 crore in Q1 FY27.

Gross margin declined to 34.3% from 37.6% a year earlier. EBITDA excluding other income increased 53.7% year on year to Rs 167.93 crore from Rs 109.26 crore. Its margin improved to 9.1% from 8.1%. EBITDA including other income rose 59% to Rs 181.58 crore from Rs 114.17 crore, while the margin increased to 9.8% from 8.5%.

Profit before tax stood at Rs 149.74 crore in Q2 FY27, down 12.88% vs previous quarter and up 76% vs year-ago quarter.

Total expenditure increased 3...