Suprajit Engineerings (SEL) 3QFY16 results including Phoenix Lamps (PLL) came in ahead of expectations. SEL?s (consol ex-PLL) APAT at Rs 170mn ( 42% YoY, 88% QoQ) was above estimates (8%). It reported a robust topline (12% YoY) on the back of growth in the 2W/4W OEM segments. Soft commodity prices drove strong EBITDA margin expansion (70bps YoY, 200bps QoQ) to 16.2%.