Mumbai, Aug. 12 -- Revenue from operations decreased 24.77% year-on-year (YoY) to Rs 679.30 crore in the quarter ended 30 June 2025.

Profit before tax from continuing operations stood at Rs 31.49 crore in Q1 FY26, down 31.49% year on year.

Total expenses fell 22.77% to Rs 633.96 crore in Q1 FY26 over Q1 FY25. During the quarter, cost of raw materials & components consumed stood at Rs 500.33 crore, down 27.43% YoY, while employee benefits expense was at Rs 26.32 crore, up 52.22% YoY.

On segmental front, revenue from freight rail systems stood at Rs 601.87 crore (down 28.53% YoY) and revenue from passenger rail systems stood at Rs 77.43 crore (up 27.22% YoY), during the quarter.

In the first quarter, the company secured new orders worth...