Mumbai, Nov. 10 -- EBITDA declined by 26% YoY to Rs 132 crore while EBITDA margin contracted by 600 basis points to 23% in the second quarter.

Profit before tax in Q2 FY26 stood at Rs 70 crore, down by 43% from Rs 122 crore in Q2 FY25.

Maulik Patel, chairman and managing director, Epigral, said: "This quarter ended with lower revenue on account of low sales volume and drop in realization of few products.

Volume drop was majorly on account of extended monsoon which is off season for few products. Overall plant utilization stood at 75% for H1FY26 and we expect utilization to improve in H2FY26, as extended monsoon is over and maintenance work at plant is also completed, resulting in better H2 compared to H1.

Our project to expand capacit...