Mumbai, Feb. 2 -- Revenue from operations shed 0.92% year-over-year (YoY) to Rs 978.65 crore during the quarter. The company stated that the India operation continues to maintain its growth momentum of 8% YoY, weathering the first full impact of US tariffs in the current quarter. AGOA uncertainty and supply chain delays impacted African businesses during the quarter.

While EBIDTA reduced by 18% YoY to Rs 96 crore, EBIDTA margin declined by 202 basis points YoY to 9.7% in Q3 FY26.

The drop in EBIDTA margin was mainly impacted mainly due to US tariff rebates. Productivity gains, strong order book and better cost management helped in absorbing the above impact to a good extent. However, the African business improved sequentially and is pos...