Sales rose 22% YoY to INR14.3b (est. of INR14.1b), driven by 28% LTL growth in the industrial segment and 16% LTL growth in the power segment. EBIDTA increased 42% YoY to INR1.2b, with the margin of 8.1% ahead of our estimate of 7.5%. Adj. PAT of INR0.63b (+31% YoY) was ahead of our estimate of INR0.43b, led by 31 May 2018 higher other income (INR484m v/s est. Extraordinaries booked during the quarter stood at INR4b due to (a) INR1b of loss funding for Hungary biz, (b) INR1.7b of inventory write-down relating to the transformer business and (c) INR1.