SRCM's 4QFY18volumes including clinker increased ~8.7% YoY (+21% QoQ) to 6.44mt, led by healthy growth in east markets as also higher clinker sales. Realizations increased ~7.4% YoY (+0.6% QoQ) to INR 4,157 vs est. of INR 4,058 due to better pricing in Eastern markets. Revenue stood at INR28.1b, +15% YoY (estINR25.95b). Cement revenue was at INR26.8b (+17% YoY) while power revenues at INR1, 026m (-8%YoY) due to weak merchant power rates.