Volumes to Combat Pricing Pressure:Balkrishna Industries Ltd (BKT) recorded revenue of Rs. 8822Mn, +26.3% YoY driven by 14.9% volume growth at 40416MT in Q3FY17. EBITDA margins stood at 31.5% in Q3FY17 as compared to 33.0% and 23.3% in Q2FY17 and Q3FY16 respectively due to inventory pile-up and reduction in other expenses. 9MFY17recorded sales of Rs. 27427 Mn up by 16.1% YoY supported by volume growth of 18.0% clocking 126271MT coupled with tough pricing environment due to raw material cost volatility and the intense competition for a price hike.