The Board of Directors has approved the un-audited financial results for the quarter and nine months ended December 31, 2024, which highlight significant changes in performance.

For Q3 FY25, total revenue was ₹1,245.9 Cr, up 48.1% YoY, but EBITDA declined 11.7% to ₹83.4 Cr, resulting in an EBITDA margin drop to 6.7%. Profit after tax (PAT) fell sharply to ₹4.2 Cr, down 91.2%, impacted by a one-time tax credit reversal linked to the new income tax regime.

For the nine-month period, total revenue rose 12.5% YoY to ₹3,003.3 Cr, while PAT surged 88.1% to ₹209.1 Cr, driven by exceptional items from settlements and gains on remeasurement of a stake.

Recent operational developments include the consolidation of RSSL as a wholly-owned subsidiary, boosting sales but complicating margins due to product mix and one-off costs.

Investor sentiment remains cautious; while revenue growth is positive, declines in profitability and margins warrant close monitoring.