Ramkrishna Forgings (RMKF) 3QFY17 EBITDA at Rs 396mn ( 9% YoY) came in above estimates. Revenues grew by 7% YoY on better-than-expected domestic volumes ( 31% YoY) and a lower drop in net ASPs. EBIDTA improved by 8% YoY led by 30bps margin expansion.