Mumbai, Aug. 11 -- Profit before tax dropped 35.1% to Rs 67.42 crore in Q1 FY26 as against Rs 103.92 crore reported in Q1 FY25. EBITDA declined 13.1% year-on-year to Rs 109.1 crore in the quarter ended 30 June 2025. EBITDA margin reduced to 13.02% compared to 15.61% registered in Q1 FY25.

Total expenses grew 8.1% to Rs 785.19 crore in Q1 FY26 over Q1 FY25. During the quarter, the cost of material consumed stood at Rs 225.11 crore (down 18.7% YoY), while employee benefits expense was at Rs 9.58 crore (up 3.6% YoY).

On the segmental front, revenue from engineering, procurement, and construction was Rs 725.8 crore (down 10.9% YoY), and revenue from annuity projects stood at Rs 227.64 crore (down 8.8% YoY) during the period under review.

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