TimeTriggered FunctionApp failing with : Timeout exceeded

Question

I am running a TimeTriggered FunctionApp developed in .net core under App Service Plan : myFunction (S1: 1)
I had set functionTimeout host.json to 02:00:00 but it failed with error

Timeout value of 00:30:00 was exceeded by function: ExportData

Microsoft.Azure.WebJobs.Host.FunctionTimeoutException:
at Microsoft.Azure.WebJobs.Host.Executors.FunctionExecutor+<TryHandleTimeoutAsync>d__29.MoveNext (Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: C:\projects\azure-webjobs-sdk-rqm4t\src\Microsoft.Azure.WebJobs.Host\Executors\FunctionExecutor.csMicrosoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: 629)
at System.Runtime.ExceptionServices.ExceptionDispatchInfo.Throw (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at System.Runtime.CompilerServices.TaskAwaiter.ThrowForNonSuccess (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at System.Runtime.CompilerServices.TaskAwaiter.HandleNonSuccessAndDebuggerNotification (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at System.Runtime.CompilerServices.TaskAwaiter1.GetResult (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e) at Microsoft.Azure.WebJobs.Host.Executors.FunctionExecutor+<InvokeWithTimeoutAsync>d__27.MoveNext (Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: C:\projects\azure-webjobs-sdk-rqm4t\src\Microsoft.Azure.WebJobs.Host\Executors\FunctionExecutor.csMicrosoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: 545) at System.Runtime.ExceptionServices.ExceptionDispatchInfo.Throw (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e) at System.Runtime.CompilerServices.TaskAwaiter.ThrowForNonSuccess (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e) at System.Runtime.CompilerServices.TaskAwaiter.HandleNonSuccessAndDebuggerNotification (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e) at System.Runtime.CompilerServices.TaskAwaiter1.GetResult (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at Microsoft.Azure.WebJobs.Host.Executors.FunctionExecutor+<ExecuteWithWatchersAsync>d__26.MoveNext (Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: C:\projects\azure-webjobs-sdk-rqm4t\src\Microsoft.Azure.WebJobs.Host\Executors\FunctionExecutor.csMicrosoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: 501)
at System.Runtime.ExceptionServices.ExceptionDispatchInfo.Throw (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at System.Runtime.CompilerServices.TaskAwaiter.ThrowForNonSuccess (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at System.Runtime.CompilerServices.TaskAwaiter.HandleNonSuccessAndDebuggerNotification (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at System.Runtime.CompilerServices.TaskAwaiter.GetResult (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at Microsoft.Azure.WebJobs.Host.Executors.FunctionExecutor+<ExecuteWithLoggingAsync>d__20.MoveNext (Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: C:\projects\azure-webjobs-sdk-rqm4t\src\Microsoft.Azure.WebJobs.Host\Executors\FunctionExecutor.csMicrosoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: 279)
at System.Runtime.ExceptionServices.ExceptionDispatchInfo.Throw (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at Microsoft.Azure.WebJobs.Host.Executors.FunctionExecutor+<ExecuteWithLoggingAsync>d__20.MoveNext (Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: C:\projects\azure-webjobs-sdk-rqm4t\src\Microsoft.Azure.WebJobs.Host\Executors\FunctionExecutor.csMicrosoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: 326)
at System.Runtime.ExceptionServices.ExceptionDispatchInfo.Throw (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at System.Runtime.CompilerServices.TaskAwaiter.ThrowForNonSuccess (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at System.Runtime.CompilerServices.TaskAwaiter.HandleNonSuccessAndDebuggerNotification (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at System.Runtime.CompilerServices.TaskAwaiter`1.GetResult (System.Private.CoreLib, Version=4.0.0.0, Culture=neutral, PublicKeyToken=7cec85d7bea7798e)
at Microsoft.Azure.WebJobs.Host.Executors.FunctionExecutor+<TryExecuteAsync>d__15.MoveNext (Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35Microsoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: C:\projects\azure-webjobs-sdk-rqm4t\src\Microsoft.Azure.WebJobs.Host\Executors\FunctionExecutor.csMicrosoft.Azure.WebJobs.Host, Version=3.0.29.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35: 94)

host.json
{
"version": "2.0",
"logging": {
"logLevel": {
"default": "Information"
}
},
"functionTimeout": "02:00:00"
}

we have done zip deploy and updated application settings WEBSITE_RUN_FROM_PACKAGE to 1