ACC Q3CY18 results were above our estimates. Revenues increased by 10.1% YoY to | 3,364 crore (above I-direct estimate of | 3,259.8 crore) led by 10.0% YoY increase in volumes to 6.6 mt (vs I-direct estimate of 6.4 mt). Realisations for the quarter remained flat YoY to |5136/t that also remained ahead of our estimates due better pricing environment in East & central regions added by rise in the share of value added premium products during the quarter. On the margin front, the EBITDA margin decreased 46 bps YoY to...