Mumbai, Nov. 14 -- On a consolidated basis, the company's net profit declined 51.6% year-on-year to Rs 32.36 crore in Q2 FY26, compared with Rs 66.87 crore reported in the same quarter last year. Total income grew 7.7% YoY to Rs 308.89 crore during the quarter. Profit before tax stood at Rs 35.25 crore, down 47.3% from Rs 66.87 crore in Q2 FY25.

EBITDA for the quarter came in at Rs 43.54 crore versus Rs 79.70 crore a year ago, while EBITDA margin improved to 17.7% from 15.2% in the corresponding period last year, supported by better execution and operational efficiencies.

The company's order backlog stood at Rs 1,825 crore as of 30 September 2025, lower by 28.7% YoY compared to Rs 2,560 crore last year. The decline was primarily due to ...