4Q CC revenue growth was 4.3% v/s our estimate of 2.5%. EBITDA margin at 18% (+90bp QoQ) was in line.4QFY18 revenue grew 17.3% YoY (est. of +14.1%) to USD122m, EBITDA rose 12.5% YoY to INR1,418m and PAT increased 16.5% YoY (est. of +10%) to INR861m. For FY18, NITEC's INR revenue grew 7.8% YoY, while CC revenue rose 9.7%. EBITDA grew by 9.4% YoY to INR5.0b and PAT by 25% YoY to INR2.8b. Adjusted for one-time exceptional loss in FY17, PAT growth was 11% YoY.