https://www.taxtmi.com/news?id=61664 The GST 2.0 reduction of battery tax from 28% to 18% produced channel de stocking and muted trade demand, leading the company to report a 26% YoY decline in consolidated quarterly net profit to Rs 173.64 crore and a 1.9% drop in quarterly revenue to Rs 4,364.51 crore; management highlighted the reform as demand supportive, confirmed zero debt, and stated that construction of a lithium ion cell plant is progressing with commercial operations expected toward year end. en-us Fri, 14 Nov 2025 19:31:03 +0530 Fri, 14 Nov 2025 19:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=61664 The GST 2.0 reduction of battery tax from 28% to 18% produced channel de stocking and muted trade demand, leading the company to report a 26% YoY decline in consolidated quarterly net profit to Rs 173.64 crore and a 1.9% drop in quarterly revenue to Rs 4,364.51 crore; management highlighted the reform as demand supportive, confirmed zero debt, and stated that construction of a lithium ion cell plant is progressing with commercial operations expected toward year end. News - Fri, 14 Nov 2025 19:31:03 +0530 https://www.taxtmi.com/news?id=61664