BHIN witnessed the full impact of tenancy exits by Vodafone Idea, resulting net tenancy decline of 63 on a QoQ basis. Consolidated revenue de-grew 0.4% QoQ / 1% YoY. Rental revenues was declined by 1.1% QoQ, while energy reimbursement increased (10.6% YoY). EBITDA margins was at 41.3% (-240bps YoY/+80bps QoQ) due energy margin outperformance, exit penalty payments and lower cost. BHIN has laid out a tenancy exit penalty claim structure for ~Rs2,000cr. BHIN will receive Rs90cr each for next 12 quarters, balance Rs900cr will be...