A weak summer coupled with lower volume offtake in Q1FY19 led to ~2% YoY decline in sales growth of unitary cooling product (UCP) YoY in Q1FY19. On the other hand, strong sales growth in EMPS segment (up ~31% YoY) was on the back of a pick-up in execution of domestic and international orders. Despite rising competition, its market share was at 23.5% in Q1FY19 in the RAC segment Saving in other expenses (down ~50 bps YoY) and employee cost (down 90 bps YoY) helped offset lower gross margin. As a result,...