FY18, it declined by 32% yoy to Rs8bn in Q4FY18, as a substantial proportion of the execution scheduled for FY18 was completed by 9MFY18, especially in Q3FY18 (wherein revenue increased by 32% yoy). While the gross margin held steady at 31.2% (+54 bps yoy), the EBIDTAM shrank by 771bps yoy to 1.5% impacted by lower turnover. EBIDTA declined by 89% yoy to Rs119mn. Other income increased by 279% yoy to Rs670mn. PAT contracted by 40% yoy to Rs278mn. The relentless focus on project closures and collection of old dues (including retentions) enabled GETD to generate FCF of ~Rs8.8bn (~4XFY18 PAT). Cash surplus (net of borrowings) now stand at ~Rs4.3bn v/s borrowings...