HEG reported an outperformance on all parameters for Q3FY18, primarily driven by higher-than-expected realisations. The topline for the quarter came in at | 842.7 crore (up 256.2% YoY, 105.8% QoQ) notably higher than our estimate of | 560.0 crore HEG reported strong EBITDA of | 557.5 crore significantly higher than our estimate of | 278.8 crore. The resultant EBITDA margin came in at 66.2% (vs. our estimate of 49.8%, Q3FY17: 12.3%, Q2FY18: 9.8%) The company reported a robust PAT of | 342.1 crore...