Mumbai, July 17 -- Profit before tax dropped 46.24% year on year (YoY) to Rs 218.94 crore during the quarter under review.

EBITDA tumbled 41.56% to Rs 233.7 crore in Q1 FY26 as compared with Rs 399.9 crore in Q1 FY25. EBITDA margin declined 346 bps to 4.3% in Q1 FY26 as against 7.8% in Q1 FY25.

Sales volume increased by 26.53% YoY to 108,406 MT compared to 85,674 MT in Q1FY25. Notably, value-added products contributed 20% to the company's total sales mix, with sales volumes of 22,039 MT, driven by strong demand across key markets.

"The Mangaon plant has a total installed capacity of 450,000 MTPA, including 250,000 MTPA with Direct Forming Technology (DFT). An additional 300,000 MTPA capacity for ARW/API-grade ERW pipes is expected to b...