grew 23% YoY to INR19.4b (above est. EBITDA grew ~22% YoY, with margin contracting 20bp YoY and QoQ to 14.4% (v/s est. 14.8%) as lower staff cost and other expenses failed to fully off-set impact of higher RM costs. Adj. PAT was in line at INR1.25b, growing 26% YoY (flat QoQ). 5 November 2018 S/A revenue grew ~26% YoY to ~INR14.4b (above est. of INR13.5b), growing faster than the underlying industry.