Growth in Power grids (+15%) and Industrial automation (+9%) segments led to revenue growth of 11% while earnings expanded only by 5% due to drop in gross margins, lower other income and higher tax outgo in Q4CY17. CY17 order inflowwas higher by 19% and order backlog was higher by 44% at Rs. 115 Bn which offers revenue visibility ~ 1.3x till CY18