Capitalization stood at INR59.9b (INR195b YTD, +22% YoY). Capex stood at INR87b (INR179b YTD, +11% YoY). Telecom revenue rose ~21% YoY to INR1.7b, while EBIT increased ~3% YoY to INR790m. Consultancy revenue declined ~12% YoY to INR1.4b, while EBIT fell ~40% YoY to INR796m. Implied transmission PAT increased ~22% YoY on strong capitalization momentum.