Mumbai, Nov. 10 -- On a consolidated basis, revenue from operations stood at Rs 460 crore, nearly unchanged from Rs 462 crore in Q2 FY25. Profit after tax (PAT) fell 19% YoY to Rs 37.5 crore, with PAT margin narrowing to 7.9%, down from 9.7% last year. Profit before tax (PBT) declined 29% YoY to Rs 45.3 crore, compared with Rs 64.1 crore in Q2 FY25.

Operating performance weakened, with EBITDA falling 19% YoY to Rs 65.4 crore, compared with Rs 81 crore last year, as total operating expenses rose 4% YoY to Rs 408.5 crore. The EBITDA margin contracted to 13.8%, from 17.1% in the previous year, reflecting cost pressures from wage inflation.

Employee benefit expenses more than doubled to Rs 26 crore from Rs 12 crore in Q2 FY25, marking a 116...