Margins disappoint, Q1 to be impacted by lockdown, revival from Q2 Q4 margins below expectations on the back of high RM costs MSIL's Q4 FY21 revenues grew by 32% yoy and 2.4% qoq to 240 bn on the back of strong volumes and a lower base which was impacted by the pandemic. Realizations grew by 4% both yoy and qoq. EBITDA margins reduced to 8.3%, a fall of 70 bps yoy on firming up of input costs, as steel...