Ambuja's results were above our estimates. Revenues increased 5.5% YoY (up 5.4% QoQ) to | 3,016.9 crore (above I-direct estimate of | 2,953.6 crore) led by 5.3% YoY increase in volumes to 6.4 MT (vs. I-direct estimate of 6.4 MT) and 0.2% YoY increase in realisation to | 4,736 (vs. I-direct estimate of | 4,625) EBITDA margin declined 213 bps YoY to 20.6% mainly led by 15.9% YoY increase in power cost and 19.1% YoY increase in freight cost. However, margins remained above our estimates. EBITDA per tonne...