Q4 results were an operational miss. Revenue declined by ~5% YoY to ` 29.2bn. Lower SEZ income affecting revenues and margins. Adj EBITDA was at ` 16.4Bn, down 15% YoY. Margins came lower at 56.3% vs 62.7% YoY. FY20 margins at 63.7% vs 64.7% YoY. APAT stood at ` 13.4bn, up 14% YoY. PAT was impacted by a ` 10bn forex on the P&L.; The management guidance: (1) Evaluating the situation, No volume guidance for FY21 ; may give one when there is better visibility post lockdown (2) SEZ income to be ` 8-10Bn; (3) Ports margin to range...