Mumbai, Feb. 5 -- Revenue from operations declined 9.64% year-on-year to Rs 562.34 crore in the quarter ended 31 December 2025.

During the quarter, profit before tax (PBT) stood at Rs 0.47 crore in Q3 FY26, down 86.29% from Rs 3.43 crore in Q3 FY25.

Total expenses declined 11.13% YoY to Rs 556.62 crore during the quarter. The cost of raw materials fell 19.45% to Rs 378.84 crore, while erection and subcontracting expenses surged 46.49% to Rs 81.68 crore. Employee benefit expenses increased 9.95% YoY to Rs 35.56 crore.

On a standalone basis, the company's net profit surged 35.61% YoY to Rs 1.98 crore in 9M FY26, despite a 9.64% decline in revenue to Rs 562.34 crore compared with 9M FY25.

EBITDA rose 45% YoY to Rs 32 crore in Q3 FY26, co...