Talwalkars reported a mixed set of Q4FY17 numbers. Revenues increased 16.9% YoY to | 104.9 crore (below I-direct estimate of | 109.5 crore) mainly led by an improvement in same store sales growth (SSS) and addition of new gyms EBITDA margin increased 241 bps YoY to 61.7% (above I-direct estimate of 59.7%) due to operating leverage benefit Approval for the proposed re-organisation of TBVF's business into gym company & lifestyle company may be received by Q1FY18E....