Top-line grew by 36.6% Y-o-Y: In Q4 FY17, SPL reported a 36.6% Y-o-Y rise in the operating revenue to Rs. 4,394mn. The increase in the top-line was mainly attributable to higher realizations and the business from the trading activities. Business from normal activities is anticipated to have increased by around 13% Y-o-Y to Rs. 3,600mn in Q4 FY17. Annually, for FY17, top-line reported a modest rise of 2.2% to Rs. 12,034mn. Higher coking coal price pull down EBITDA by 19.7%: Q4 FY17 quarter was characterized by the higher coking coal prices, which mainly led to a 64.1% Y-oY increase in the cost of material consumed. Consequently, total operating...