De-growth in Q3FY17 on the back of Demonetization; CapacityUtilization and Capex Hold Key for Future: Revenue for Q3FY17 came at Rs. 6573 Mn as against Rs. 6989 Mn in Q3FY16, witnessing decline in growth by 6.0% YoY basis. The decline in revenue was because of challenging environment due to demonetization. However, EBITDAgave pleasant surprise in terms of improving growth of 6.3% YoY and EBITDA margin improved by 277 bps during the quarter. PAT registered growth of 20.5% YoY as a result of improved EBITDA margin and decline in finance cost by 15.9%YoY. Looking at sectoral performances, Inorganic Chemical declined by 5.0% YoY basis due to demonetization while textile revenue declined by 8.3% YoY basis mainly because of rescheduling of shipment in textile segment's order of Rs. 260 Mn.