Mumbai, Jan. 29 -- Revenue from operations fell 12.42% year-on-year to Rs 196.73 crore in the quarter ended 31 December 2025.

Profit before tax (PBT) stood at Rs 53.35 crore in the quarter ended 31 December 2025, down 19.96% as against Rs 66.65 crore recorded in Q3 FY25.

Total expenses declined 11.8% to Rs 145.82 crore in Q3 FY26 as compared with Rs 165.32 crore in Q3 FY25. The cost of construction stood at Rs 125.11 crore (down 47.79% YoY), and employee benefit expenses were at Rs 7.63 crore (up 26.1% YoY) during the period under review.

EBITDA stood at Rs 54 crore in Q3 FY26, registering a de-growth of 11.8% YoY. The company maintained a strong balance sheet with net debt of Rs 35 crore as of 31 December 2025, with a low net debt-to-...