revenues declined ~9% YoY to ~INR21.9b (v/s est. Higher other income and lower tax helped PAT to remain flat at ~INR5.7b (v/s est. net realization grew 2.2% QoQ (+14.5% YoY) to INR131k (v/s est. EBITDA margin declined 560bp YoY (-90bp QoQ) to 25% (in-line) on higher RM cost (due to adverse mix) and negative operating leverage.