9 Sales and other operating income stood at Rs 117bn, +2% vs. our estimate. Higher exportshareandbetterthanexpectedrealisationboostedtherevenues. 9 Consolidatedoperatingprofitwas29%higherthanestimatesatRs32.7bn.Betterthan estimatedperformanceforstandalonebusiness(+28%vs.estimate)andcoateddivision (+58%vs.estimate)aidedtheprofitability. 8 Increase in working capital & decline in acceptances increased the Net debt to Rs 453.5bn(Rs26.7bnimpactofIndAS). Keyhighlights:Higherrealisationsindomestic&strongexportsarbitrageresultedinrobust..;.