Mumbai, Dec. 4 -- In a clarification filed with the exchanges, the technology and engineering solutions firm said the chatter had no factual basis and highlighted its strong financial performance for the half year ended September 2025. The firm reported its highest-ever quarterly and half-yearly numbers, with turnover at Rs 164 crore in Q2, up 82% year-on-year, and Rs 320 crore for H1, up 95%. EBITDA jumped 112% in Q2 to Rs 35.6 crore, while profit after tax rose 120% to Rs 25.7 crore.

The company added that project execution remained on track, and receivables were being comfortably managed. Out of Rs 172 crore in trade receivables as of September, Rs 117 crore was recovered in October and November, including dues from JJM-linked project...