Vinati Organics (VOL) reported strong growth in revenues to Rs 1.6bn ( 16% YoY) in 3QFY17, mainly led by a substantial contribution from products launched in FY17 (~11% of revenues) and IBB. EBITDA margins were strong at 32.3% ( 368bps YoY) owing to the launch of two new specialty products in 1QFY17.