Consolidated revenues witnessed strong 16.5% YoY growth in Q3FY18 despite being a seasonally weak quarter driven by UCP segment which grew by 31.9% YoY. Strong performance of the UCP segment can be attributed to two factors a) pre-buying from dealers in anticipation of price hikes post implementation of new energy efficiency norms from Jan2018 and b) channel restocking post GST. The company continues to maintain its leadership position in Room Air Conditioners with market share of 23.7%. While Electro-mechanical projects and services (EMP) segment grew by 7.2% YoY on strong execution of projects, Engineering Products and Services (EPS) reported 14% YoY decline in revenue impacted by slowdown in textile industry. The order backlog for EMP segment stood at Rs 4,850 cr (1.7x...