MOIL reported weak numbers in Q3FY15 during which sales de-grew by 10% on q-o-q basis and 17% on y-o-y basis. EBITDA grew by 2.6% on q-o-q basis because of higher closing stock and de-grew by 26.5% on y-o-y basis. However, the EBITDA margins expanded from 37% to 43% on q-o-q basis