30 June 2020 4QFY20 EBITDA stood at INR7b (v/s est. INR11.2b; +11% YoY and -37% QoQ), led by higher other expenditure. Other expenditure was higher by ~INR2.8b in 4QFY20, primarily due to ~INR1.78b on account of forex related changes on lease liability and higher-than-normal expenditure on CSR. Also, lower other income led to PAT coming in 18% lower YoY at INR3.6b (v/s est. Tax rate was 26.2% in 4QFY20. Total volumes stood at 219tbtu (v/s est. -9%, +7% YoY and -6% QoQ) Utilization at Dahej came in lower than est. at 93% (100% in 3QFY20), with volumes at 206tbtu (+4% YoY and -7% QoQ), primarily due to COVID-19. Utilization at Kochi was higher than est.