HCIL's revenue declined by 3% yoy to Rs3.84 primarily due to 5.7% yoy decline in sales volume, which stood at 1.0mnT (-5.7% yoy & -18% qoq). Remaining firm, average realization improved by 2.7% yoy & 1.5% qoq to Rs3,842/tonne due to healthy pricing scenario in Central region. We envisage its sales volume to remain under pressure...