Consol. revenue rose 30% YoY to INR5.8b (est. of INR5.0b) in 4QFY18. EBIDTA grew 28.5% YoY to INR1.2b (est. of INR951m), with the EBIDTA margin of 20.5% (-30bps YoY) ahead of our estimate of 19.1%. Adj. net profit rose 21.1% YoY to INR678m (est. of INR547m). Performance beat was driven by a better-than-expected performance from the overseas and exports business segment. For FY18, revenue stood at INR19.2b (+21.3% YoY), operating profit at INR4.1b (+27.1% YoY) and adj. PAT at INR2.3b (+17.3% YoY).