YoY; est. of 8.3%). Adjusted net profit from operations declined 8.6% YoY to INR2.0b, below our estimate of INR2.7b. Gross margin expanded 20bp YoY to 32.2% in 4QFY17. EBITDA margin of 10.1% came in ahead of our estimate of 8.3%. EBIT margin expanded 100bp YoY to 8.4% on account of margin improvement across segments, barring digital factory. Power & gas segment improved margin by 800bp YoY, led by a better revenue mix and one-off settlement from a customer. Order inflow up 10% YoY; book-to-bill at 1.1x: Order intake for the quarter...