consumption and liquidity crunch impacted business with the situation continuing into April-May. Overhang of the recently concluded elections also impacted revenue. 4QFY19 revenue growth stood at 9%, while EBITDA margin was down 240bp to 11.7%. Adj. PAT declined 12% YoY to INR2.1b. FY19 marked by strong revenue growth, but challenges on margin front: Overall, FY19 was marked by robust revenue growth; overall revenues grew 23.6%, with Havells (ex-Lloyd) at 22% (4QFY19: 14%). The company surpassed INR100b revenue this year. Segment wise cables grew 24%,...