Decent growth recorded with healthy margins: Standalone sales grew at an impressive 13.9% sequentially and 9.5% YoY to reach Rs. 1887Mn and EBITDA has recorded an improvement of 35.2% QoQ and reached Rs. 270Mn. EBITDAmargin has expanded by 225 bps QoQ to 14.3% in Q4FY17 mainly due to lower raw material and employee expenses. EBIT and PAT margins have also expanded by 263 bps & 225 bps during the same period to reach 10.4% & 6.9% respectively.