Company's Net Sales for Q1 FY18 stood at INR 12,578 Mn which was up by 31.4% Y-o-Y and 6.3% Q-o-Q on the back of increase in export revenues due to robust demand in automotive and industrial sectors. Revenues for the quarter were mainly driven by Industrial business that grew by 80% Y-o-Y. EBIDTA stood at INR 3,333 Mn which grew by 36.37% y-o-y and 4.18% q-o-q. EBIDTA margin came in at 26.5% below our estimate of 28.1% but improved by 96bps Y-o-Y but remained low by 54bps Q-o-Q on back of increase in other expenses by 112bps Q-o-Q. Company's PAT stood at INR 1,503 Mn which was up by 61.27% Y-o-Y but decreased by 56.91% Q-o-Q. PAT Margin stood at 13.9%...