operational efficiencies drove 160bp QoQ margin expansion to 14.6%, despite part wage hikes and a flat INR. Operational beat and higher-thanexpected other income led to PAT of INR1.1b (+27.4% QoQ), a beat of 6%. Laggards expected to pick up in 2HFY18: Transportation, Communications and Medical (37% of revenue) drove ~70% of sequential and YoY growth for CYL. On the other hand, the Industrial, Semiconductor and Utilities & Geospatial verticals continued to drag overall performance. Aerospace, which accounts for 35% of revenue, will be a critical determinant of the path going forward. This vertical has seen its organic growth slowing down to 5%...