Revenues De-grown; Margins Expanded on the Back of Effective Product Mix: The Q2FY17 revenue numbers of MUL have de-grown by 10.6% YoY to reach Rs.1343 mn YoY. The operating expenditure has fallen by 13.0%, which has resultedin the EBITDA margins to increase by 218 bps YoY. The margins have expanded due to effective product mix and economies of scale. On Half year basis, revenueshave seen de-growth by 4.9% YoY to reach Rs. 2767 mn. EBITDA numbers came in at Rs.707mn showing a significant growth of 9.9% with EBITDA margins reaching at 25.6%. EBITDA margins for half year has shown an increase of 342 bps YoY due to better product mix.