For Q3FY23, HUVR reported revenue of INR 1,55,970 mn (+16.1% YoY/ +3.0% QoQ). The underlying volume growth during the quarter was 5.0% YoY. For 9MFY23, revenue was at INR 4,53,650 mn (+17.3% YoY). Consolidated EBITDA for the quarter grew by 8.4% YoY/ 6.2% QoQ to INR 36,940 mn. EBITDA margin at 23.7% remained under pressure compared to the last year ( -168 bps YoY) but improved sequentially (+71 bps QoQ). For 9MFY23, EBITDA grew by 10.7% YoY to INR 1,05,750 mn while EBITDA margin declined by 139 bps YoY to 23.3%.