We maintain BUY with SOTP-based TP of Rs 306/sh. 2QFY19 revenue came in at Rs 8.3bn (+70%YoY, +18% QoQ, 30% beat) and was higher by Rs 3.1bn on account of IND AS 115. EBIDTA margins decreased 119bps YoY to 26.5%. APAT was Rs 683mn (+67% YoY, +8% QoQ, 20% beat) and is higher by Rs 255mn on account of IND AS 115 accounting treatment.