ARBL reported Q3FY17 results with a revenue (net of excise duty) of Rs.13.3 bn, growth of 8.4% / -1.3% YoY / QoQ respectively led by lower traction in OEM and replacement sales due to impact of demonetization of high currency notes. EBITDA stood at Rs. 2.0 bn vs Rs.2.3 bn last year and margin contracted by ~331bps to 15.4% from 18.7% last year. Reported PAT is Rs.1.1bn with de-growth of 17.5%/ 17.6% and margin...