We cut our sales/PAT estimates by 7.7%/6.0% for FY21E as 1) in a truncated academic year, recouping the entire lost sales of 1Q (strongest quarter) can be a challenge 2) domestic stationary business is expected to suffer due to delay in opening of schools 3) exports stationary business has witnessed some order cancellations and revenue is expected to be flat and 4) ILL business can face growth headwinds as penetrating newer schools can get difficult in such an environment. However, our FY22E estimates are more or less unchanged as we expect normalcy to resume by next academic cycle....