Overview
- Q2 FY26 net profit fell 27.3% year on year to Rs 389.4 crore as revenue was broadly flat at Rs 6,174 crore.
- Adjusted EBITDA stood at Rs 547.5 crore, with the margin narrowing to 8.9% from 12.4% a year earlier.
- Shares fell as much as 5.29% intraday before closing 3.31% lower at Rs 1,618.70 on the BSE.
- Executives also pointed to a cool summer, tariffs, forex swings and geopolitical issues weighing on demand and costs.
- The listing followed a Rs 11,607 crore offer-for-sale by the South Korean parent, with shares debuting at a roughly 50% premium.