Overview
- Revenue grew 21% year-on-year to ₹2,096 crore for Q2 FY26.
- Net profit reached ₹102.2 crore, up 20% year-on-year, while EBITDA rose 45% to ₹414.5 crore with a 19.78% margin.
- India delivered ₹1,230.6 crore in revenue and overseas operations rose to ₹879.6 crore, underscoring faster growth outside the home market.
- Operating expenses increased 18% to ₹1,980.3 crore, yet profitability improved on stronger operating leverage.
- The stock gained over 5% intraday to ₹432.35 as Jefferies initiated coverage with a Buy rating and a ₹500 price target.