18 July 2018 ALs volumes grew ~47% YoY (-28.8% QoQ). Realization fell 0.6% QoQ (-0.7% YoY) to INR1.48m/unit (est. AL took a price hike of ~2% in Apr18 to pass on RM inflation. Revenues grew 46.8% YoY (-28.8% QoQ) to INR62.5b (est.