17.6% YoY in CC, a significant improvement over FY18s 9.7%. EBITDA grew 28.7% YoY with OPM up 80bp to 17.6%; PAT rose 44% YoY to INR4,044m. 5 May 2019 4QFY19 CC revenue grew 1.3% QoQ (17.3% YoY), below our estimate of 3% QoQ, led by deferral in a contract in the Insurance segment. EBITDA margin excluding one-offs was 18.1% (-10bp QoQ), in line with our est. PAT was INR1143m, +14% QoQ and 33% YoY, a 4% beat to our est. due to lower tax rate (21.