Voltas reported a strong set of numbers for 4QFY2016. The top-line at Rs1,876cr is up 26.4% yoy and is higher than our expectation, mainly driven by strong execution across the EMP segment. The EMP segment impressed us with a 36.5% yoy increase in revenue to Rs819cr (accounting for 44% of the company's overall 4QFY2016 revenues), whereas ..