Revenue grew 6% YoY to INR3.9b (our estimate: INR3.7b). Aerospace grew 42% YoY, with India business growing 88% YoY to INR501m. However, Auto business remained under pressure, with 4% revenue de-growth to INR2,414m. Hydraulics revenue grew 10% YoY to INR763m. EBITDA was INR479m (our estimate: INR395m) v/s INR245m in 1QFY16. EBITDA margin expanded 550bp YoY to 12.1% due to sharp increase in Aerospace business. Adjusted PAT was INR128m v/s loss of INR97m in 1QFY16....