In Q3FY19, OCCL reported std. rev. of Rs. 96 Cr (up 10% Y-o-Y, down 4% Q-o-Q; against our estimate of Rs 92 Cr), EBITDA of Rs. 36 Cr (up 32% Y-o-Y, up 14% Q-o- Q) with EBITDA margin of 37.6% (up 625 bps on Q-o-Q basis).