Revenue from its India business (HNDL standalone + Utkal) grew 62% YoY and 6% QoQ to INR185b, a 9% beat on our estimate of INR169b, led by a 7%/12% beat in its aluminum/copper business. The copper business beat was driven by strong byproduct revenue. The beat in aluminum topline was on account of the strong premium over LME prices, which reflects a tight...