Mumbai, Nov. 7 -- The PAT improvement was driven by sustained operational excellence, margin expansion, and better absorption of fixed costs, despite higher finance costs.

Revenue growth was driven by robust execution of the large smart metering order book, steady project rampups across multiple states and sustained sectoral tailwinds.

Profit before tax (PBT) stood at Rs 202.44 crore in Q2 FY26, up 168.02% year-on-year.

EBITDA stood at Rs 244.4 crore, more than triple the Rs 81.4 crore recorded in Q2 FY25. The EBITDA margin improved significantly by 456 basis points year-on-year to 21.3% in Q2 FY26, reflecting strong operating leverage, efficient project execution, and disciplined cost management.

As of 30th September 2025, total orde...