The results were below our estimates with a PAT miss of 11%. Revenues at INR518cr were in line with our estimate of INR 515cr, increased 3% YoY driven by volume growth of 6% and realisation degrowth of 3%. AMESA and Europe regions grew by 4% and 5% respectively while EAP (East Asia Pacific) and Americas declined by 4% and 8%. Americas degrew by 8% mainly due to inventory correction by one of its large customers which is expected to get...