Revenues de-grew 12% YoY (down 10% QoQ) to | 151.7 crore (Idirect estimate: | 165.7 crore). In addition to the subdued demand on the west coast, dollar strengthening, loss of two to three calls in the current quarter and a liner (INDFEX) in previous quarter continue to impact the overall realisations and volumes Container volumes de-grew for a fourth consecutive quarter by 4% YoY (down 3% QoQ) to 160000 TEUs (in line with our estimates). Bulk volumes de-grew 27% YoY (up 3% QoQ) to 0.52 MT vs. 0.71 MT in Q2FY17, 0.51 MT in Q1FY18. The number of trains fell from 665 trains...