revenue increased 7% YoY to INR21.2b (4% miss) on account of strong 19% domestic subscription growth, partly offset by subdued 1% ad revenue 17 October 2019 growth. EBITDA grew by a mere 2.5% YoY to INR6.9b (6% miss), with the margin shrinking 150bp YoY to 32.7% due to a 23% increase in production expenses. INR1,700m toward ICD was assigned to related parties, as the amount was not received but fully written off. Subsequently, PAT increased by 7.1% YoY to INR4.1b. For 1HFY20, revenue increased by 10% YoY to INR41.3b, while EBITDA/PAT grew YoY 9%/33% to INR13.5b/INR9.4b.