On a consolidated basis, revenues came in at | 2,058 crore (up 7.3% YoY), below our estimate of | 2,093 crore. Gross revenue from India increased 5.2% YoY to | 2,005 crore while revenue from Mexican operation declined 18.5% YoY to | 252 crore We believe the India business would have been driven by both OEM (revival in demand) and replacement segment (partly due to restocking of tyres at dealer's end). Cavendish Industries posted revenue & EBIT (loss) of ~| 401 crore and ~| 15 crore, respectively EBITDA margin declined 1062 bps YoY but was up 958 bps QoQ to...