Mumbai, Aug. 5 -- The company posted a 19.9% year-on-year drop in consolidated profit after tax (PAT), which came in at Rs 64.4 crore, down from Rs 80.4 crore in the same quarter last year.

Revenue from operations fell nearly 20% to Rs 371.3 crore from Rs 463.3 crore in Q1 FY25. Domestic sales declined by 24% to Rs 188 crore while export sales declined by 15% to Rs 183 crore. Export as % of sales increased to 49% in Q1 FY26 compared with 47% in Q1 FY25.

EBITDA dropped 16.7% to Rs 95.8 crore, though the EBITDA margin expanded by 100 basis points to 25.8%. Profit before tax (PBT) also slipped 19% to Rs 87.3 crore, but the PBT margin inched up to 23.5% from 23.3% in the year-ago period.

Order booking during the quarter stood at Rs 536 cro...