also aided growth. Spot lead price rose 7.6% QoQ (+19% YoY) to INR149.6 per kg. In October, lead price grew 21% YoY, and 9.5% v/s 1QFY18. EBITDA margin at nine-quarter low led by inflation and mix impact: EBITDA margin contracted 250bp YoY (-290bp QoQ) to 12.5% (est. of 15.1%), largely led by lead inflation and product mix impact (higher proportion of OE sales in Automotive). However, the decline in staff cost and other expenses by 60bp YoY and 260bp YoY, respectively, restricted further margin contraction. EXID reported an exceptional item of INR0.4b toward the settlement of the...