Near Term Challenges to Continue: Revenue took a drag of 4.6% - Net Sales/Income from Operations for Q1FY17 decreased by 4.6% to Rs.9594 Mn as against Rs.10055 Mn in the corresponding quarter of the previous year. The sales were declined due to de-growth in consumer durable segment by 7.6% and a marginal de-growth of 1% in EPC segment. Despite decline in revenues, the PAT has surged by 12.2% due to lower raw materialexpenses.