Mumbai, Nov. 10 -- Net sales and services income rose 21% year-on-year to Rs 482.6 crore, compared with Rs 397.7 crore in Q2 FY25, aided by strong execution momentum. However, other income dropped 54% YoY to Rs 14.8 crore, resulting in a total income of Rs 497.3 crore, up 16% from Rs 429.8 crore last year.

Net profit before tax stood at Rs 104.2 crore, nearly flat YoY due to a decline in investment income. Investment income tumbled 54% YoY to Rs 14.19 crore in Q2FY26. Over the past two years, the company had strategically allocated a sizable portion of its surplus funds into long-term Government securities and long-duration debt mutual fund schemes during the peak of the interest rate cycle. However, a rise in G-Sec yields during the Sep...