Company to Gain on Joint Venture Competencies: Consolidated revenue for Q3FY17 stood at Rs.1024 Mn down by 3.5% QoQ due to high supplies to the two-wheeler players where industry sales volume declined by5.9% and 22.0% YoY during the months of Nov and Dec 2016 respectively, much accounted for the demonesation effect. EBITDA margins dropped 50bps QoQ at10.0% impacted by higher employee cost and rupee depreciation which affected margins at their gasket division.