Mumbai, Nov. 13 -- Revenue rose by 9% year-over-year (YoY) to Rs 58,689 crore during the quarter, primarily driven by higher deliveries in India and Netherlands despite drop in realisations.

Raw material costs for Q2 FY26 added up to Rs 23,447 crore, down 5% YoY but up 7% quarter-on-quarter (QoQ). The sequential rise in raw material costs, which was due to higher purchases in India and Netherlands, was offset by drop in coking coal prices.

EBITDA improved by 46.3% to Rs 9,106 crore in Q2 FY26 from Rs 6,224 crore in Q2 FY25. Adjusting for FX movement on intercompany debt / receivables, EBITDA was Rs 8,968 crore (up 62% YoY) and EBITDA per ton was Rs 11,343 (up 54% YoY).

Finance cost declined by nearly 10% YoY to Rs 1,775 crore in the Se...