ACC reported a good set of Q3CY17 numbers. The results were better than our estimates on all fronts. The beat at topline level was led by 17.6% YoY increase in volumes to 6.0 MT (vs I-direct estimate of 5.3 MT) and 7.0% YoY increase in realisation to | 5,125/t (vs. Idirect estimate of | 4902/t) Revenues increased 25.8% YoY to | 3,054.5 crore (above I-direct estimate of | 2,616.3 crore) led by 17.6% YoY increase in volumes...