CYL's Q4FY21 consolidated revenue growth of 4.7% QoQ in CC was in-line with our forecast. EBIT margin improvement of ~150bps QoQ to 12.6% was a beat to our forecast of 11.8%. Recurring EPS of Rs10.1, +16%/+47% QoQ/YoY was also a beat. For FY22, CYL has guided for a double-digit YoY growth in services business and 20%+ growth for DLM. Further, it has guided for ~200bps YoY improvement in consolidated...