Flat Revenue with Margins Under Strain: Standalone sales de-grew at 7.8% sequentially, however, have grown at 4.4% YoY standing at Rs. 1657 mn and EBITDA declined by 29.7%/ 1.6% QoQ/ YoY during this quarter to Rs. 199 mn and EBITDA margin contracted by 375 bps,73 bps QoQ/ YoY, to 12.0% in Q3FY17 mainly due to higher raw material and growing employee expenses.