Maxwell Industries reported a decent growth of 4% YoY of Rs.628mn, whereas it has seen a decline of 7% QoQ. In Q3FY15, EBITDA grew by 27.5% QoQ to Rs. 74mn and 33% YoY. EBITDA margins expanded by 316bps to 11.8% on QoQ basis, whereas margins increased by 254bps as compared to Q3FY14 on account of lower raw material costs.