The topline grew 8.1% YoY to | 725.3 crore mainly led by volume growth (grew 10.5% YoY to 19.54 MSM) and was almost in-line with our estimates of | 712.9 crore. EBITDA margin contracted by 316 bps YoY to 15.0% (our expectation: 14.5%) on account of higher power & fuel costs and other expenditure Reported PAT declined by 11.1% YoY at | 50.2 crore. Adjusting for exceptional loss of | 3.4 crore on sale of stake in Soriso Ceramics, the...