Greaves Cotton's (GCL) revenues came in at | 490 crore, down 1.0% YoY, below our estimate of | 501.2 crore impacted by the auto slowdown. EBITDA came in at | 59.1 crore, down 19.3% YoY (below our estimate of | 69.7 crore). EBITDA margins came in at 12.1%, down 270 bps YoY, impacted by higher operating expenses. GCL reported adjusted PAT of | 42.3 crore, up 6.1% YoY (below our estimate of | 52.1 crore). For H1FY20, engines...