The quarter was relatively a better one for Granules India where it has reported revenues of INR 3,787 mn which has increased by 6.6% Q-o-Q and 10.2% Y-o-Y on the back of higher revenues from Europe and LATAM countries which has grown 26% and 27% Q-o-Q. EBITDA stood at INR 769 Mn with EBITDA margins at 20.3% which has declined marginally by 147 bps Q-o-Q and 644 bps Y-o-Y. Higher employee cost along with spurt in material cost led to decline of EBITDA margins. PAT for Q1FY18 was INR 337 Mn with margins of 8.9% which has seen a degrowth of 131 bps Q-o-Q and 640 bps Y-o-Y. Low other...