Operating Margin Continues to Improve; Marginal Rise in Reported PAT e-auction coal prices and lower operating cost. Despite 18% YoY surge in EBITDA to Rs46bn, reported net profit grew by just 4.2% YoY to Rs3.0bn owing to 21% YoY decline in other income to Note: * CMP as on February 23, 2018 Rs8.4bn led by lower interest, lower dividend income from subsidiaries and higher effective tax rate of 34%. While EBITDA/tonne rose by 12% YoY to Rs303, FSA realisation slipped by 8% YoY to...