Tonnage de-grew for the third consecutive quarter by 5.6% YoY (-6.3% QoQ) to ~49,098 tons. Realizations too were down 16% YoY (-4.2% QoQ) to INR184/Kg, affected by an adverse product mix and commodity deflation. Net revenues of INR9b (v/s est. of INR10b) were down 21% YoY (-17% QoQ), marking the fourth consecutive quarter of revenue decline. Export revenues declined ~40% YoY (impacted by increasing weakness in US CVs and commodity segments), whereas domestic revenues increased 11% YoY (driven by CVs and non-autos). Non-auto revenues declined ~32% YoY (exports...