PTC India reported a mixed set of Q4FY18 numbers wherein volumes were below our estimates while EBIDTA was higher than estimates on account of lower other operating expenses. However, reported PAT was in line with estimates due to lower finance costs. Volumes for Q4FY18 were at 1177.7 crore units, up 16.5% YoY. However, this was below our estimates of 1277.7 crore units. For FY18, PTC clocked total traded volumes of 5701 crore units vs. 4832 crore units in FY17, up 18%. Revenues for Q4FY18 came in at | 3924 crore vs. our estimate of | 4087...