Excise Duty Impacted Q2FY17 on YoY; Healthy Balance Sheet Maintained with Strong Cash Balances: The excise duty exemption which the company availing at its manufacturing location at Nalagarh, Himachal Pradesh has expired on Jan 15, 2016 and this affected thetotal realizations and the net profits of the company in Q2FY17 and in the first half of FY17. In Q2FY17, IDR reported a weak performance with negative growth of 43.0% in topline and negative growth of 24.9% on YoY basis in bottomline to Rs. 405 Mn andRs.65 mn respectively. Inspite of weak growth in topline, EBITDA margins improved by 229 bps to 21.1% on YoY basis mainly on the back of sginficant growth in other income.