Mumbai, Nov. 7 -- Revenue rose 26% year-on-year and 21% sequentially to Rs 2,250 crore, supported by higher volumes-especially in the energy segment, which jumped 118% YoY and 48% QoQ. Non-energy volumes also rose 17% YoY and 15% QoQ, benefiting from improved demand and realisation of deferred bulk shipments from Q1.

EBITDA climbed 44% YoY and 36% QoQ to Rs 291 crore, reflecting improved capacity utilisation, better cost optimisation, and the benefits of scale. Profit after tax (PAT) more than doubled, surging 102% YoY and 150% sequentially to Rs 106 crore, driven by stronger operating leverage, lower costs, and exceptional income of Rs 29 crore related to favourable tax orders.

Margins, however, remain under pressure due to elevated in...