INR75/t in 3QCY17, as VAT incentive of INR380m was not recognized. Higher RM cost impacts margins: EBITDA increased 15% YoY to INR3.54b, translating into a margin of 15.3% (-7.5pp QoQ, flat YoY). EBITDA/ton rose 5% YoY to INR706, but fell by INR367QoQ due to a 43% QoQ increase in raw material cost/t on higher prices of flyash and kiln shutdown of Bhattapara unit. Power & fuel cost/t increased 4% QoQ due to higher prices of petcoke and fuel. Other expenses declined 6% YoY due to the reversal of DMF charges of INR446m this quarter. PAT thus increased 10% YoY to INR2.7b....