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The robust growth in net profit despite moderate revenue growth was on the back of a stark improvement in operational performance. The tyre makers earnings before interest, taxes, depreciation and amortization or EBITDA for the quarter rose more than twofold on year to Rs 1,129.09 crore. As a result, the operating margin expanded by a staggering 1,038 basis points to 18.55%. ....
The operational performance also improved as EBITDA margin expanded sharply to 18.5 percent in Q2, up from just 8.2 percent in the year-ago period. ....