Topline and margins remained under pressure due to weak consumer demand and slower economic growth. Net revenue remained flat at Rs. 1,415cr in Q2FY20 and EBITDA margin declined by 20bps to 7.5% primarily on higher other operating costs (+27.0% to Rs. 140cr). However, adj. PAT rose to Rs. 113cr (+8.7%YoY) primarily benefitting from higher other income (+57.6% YoY to Rs. 73cr). Weaker EMP operations offset growth from UCP segment Voltas recorded robust growth in revenue from UCP segment in Q2FY20 (+19.2% YoY to Rs. 526cr; 37.1% of total revenue) with increased traction and healthy growth in Air...