Mumbai, Aug. 11 -- However, revenue from operations rose 18.91% YoY to Rs 601.36 crore in the quarter ended 30 June 2025.

Profit before tax (PBT) came in at Rs 4.09 crore in Q1 FY26, down by 45.17% compared to Rs 7.46 crore in Q1 FY25.

Total expenses increased 18.45% YoY to Rs 611.56 crore during the quarter. Cost of raw material jumped 14.25% to Rs 452.65 crore, while erection and subcontracting expenses surged 135.29% to Rs 59.93 crore. Employee benefit expenses increased 41.98% to Rs 36.25 crore.

On a standalone basis, the company's net profit slumped 39.85% to Rs 3.32 crore, despite an 18.91% increase in revenue to Rs 601.36 crore in Q1 FY26 over Q1 FY25.

EBITDA for Q1 FY26 jumped 32% to Rs 24.9 crore, compared to Rs 18.8 crore in...