Mumbai, Jan. 30 -- On a consolidated basis, net profit declined 48% YoY to Rs 705 crore in Q3 FY26 from Rs 1,355 crore a year ago. Sequentially, it returned to profit from a loss of Rs 867 crore in Q2 FY26.

Revenue rose 16.2% YoY to Rs 21,732 crore in Q3 FY26 from Rs 18,697 crore in Q3 FY25. On a sequential basis, revenue increased 17.5% QoQ from Rs 18,491 crore.

Profit before tax fell 39.6% YoY to Rs 925 crore compared with Rs 1,531 crore in the year-ago quarter. Sequentially, PBT improved sharply from a loss of Rs 561 crore in Q2 FY26.

On the cost front, total expenditure increased 22.6% YoY to Rs 20,607 crore. Raw material consumption climbed 20.0% YoY to Rs 12,531 crore. Employee expenses edged up 3.9% YoY to Rs 1,450 crore. Intere...