Strong traction coupled with robust deal wins In-line quarter: MPHL's revenue grew 3.6% QoQ to USD261m, as against estimate of USD259m. EBIT margin expanded 130bp QoQ to 16.8% (v/s est. of 15.8%). However, this included a one-off bump from a Government of India contract, benefiting revenue by USD2m and margins by 50bp. Growth in 4Q was largely contributed by the HP channel (+8.3% QoQ CC). Direct Core grew 2.1% QoQ CC, but excluding Digital Risk, growth seems flattish. PAT grew 17% QoQ to INR2.5b (in-line)....