Steady revenue; margins correct due to out-of-turn hikes: MPHL's 1QFY20 USD revenue grew 11% YoY (+1.8% QoQ; our estimate: 12.3% YoY/3.5% QoQ) to USD297m, EBIT increased 6% YoY to INR3,193m (in-line) and PAT was up 2.5% YoY (our estimate: -1.4% YoY) to INR2,647m. In CC terms, revenue growth stood at 2.0% QoQ (our estimate: +3.6% QoQ). EBIT margin...