9 Based on FY16 provisional sales of Rs 267bn (14% yoy), Q4FY16 implied sales at Rs 104bn (20% yoy) were lower than our estimate of Rs 107bn. FY16 loss of Rs 8.7bn impliesQ4FY16PATofRs3.9bn(55%yoy)lowerthanourestimateofRs7.9bn....