On expected lines, Cyient posted a soft performance in 3QFY17, with revenue at US$135.8mn (-0.5% qoq; +0.6% in CC terms). Implied volumes declined 0.5% qoq, while pricing declined 1.1% qoq. An adverse cross-currency impact of 110bps was also witnessed. A positive factor was healthy growth in Design-Led Manufacturing (DLM) segment (10.2% qoq rise in USD revenue). EBITDA margin declined 66bps qoq on soft revenue. Another key positive was strong up-tick in order book. With 3Q being the key quarter for order intake, a healthy 292% qoq rise in Cyient Services order book executable beyond FY17E and 105% qoq rise in DLM order book beyond FY17E...