Net sales were hit negatively by 2.2% & 2.8% in Q1CY17 as compared to previous quarter and same quarter of the last year respectively. HPPL reported a volume de-growth of 6% & 2% in Q1CY17 as compared to Q4CY16 & Q1CY16 respectively. Again, for the same period other income increased by 16% & 41% respectively. In Q1CY17 raw material to sales ratio moved up by 300bps to 67.3% last quarter (y-o-y) but declined 60bps (q-o-q) as the company managed to pass on some increase in cost last quarter. Thanks to recent surge in...