Mumbai, Aug. 14 -- On a consolidated basis, the company's net profit for Q1 FY26 stood at Rs 399.1 crore, down 10.5% year-on-year, though up 31.8% sequentially. The YoY decline was partly due to higher tax outgo, with profits from Maamba Energy's power division now taxed at 15% versus nil earlier.

Revenue from operations fell 2.4% YoY to Rs 1,193.2 crore in Q1 FY26, but rose 17.2% QoQ. This included strong contributions from the metals and energy segments.

Profit before tax stood at Rs 535.9 crore in Q1 FY26, up 65.3% versus Q4 but up only 0.9% versus Q1 FY25.

EBITDA came in at Rs 627.7 crore in Q1 FY26, almost flat YoY, but up 49.7% from Rs 419.2 crore in Q4 FY25. EBITDA margin expanded to 50.9% from 49.7% last year and 39.7% in the p...