Surfing Against the Tides Steadily: Robust revenue growth - After the devastating quarter (Q1FY17) on account of a fire accident at the Manesar plant which incurred considerable equipment and inventory damage leading to loss, Subros has bounced back recording a revenuegrowth of 34.8% at Rs. 4375Mn in Q2FY17 (QoQ) and 35.5% YoY. EBITDA improved by 42.9% QoQ at Rs. 468Mn and 20.8% YoY with margins improving by 60bps QoQ and declining by 130 bps YoY due to fire mishap which affected sales while the fixed costs remained.