Growth Trajectory Interrupted by Demonetisation in Q3FY17; Electric 3W and Global Markets Hold Key for Future: Revenue from operations for Atul Auto Ltd for Q3FY17 has declined to Rs. 1348Mn Vs Rs. 1517 Mn in Q3FY16. The lacklustre performance can be ascribed to theadverse impact of demonetisation on the market demand. The company was able to sell 11,043 vehicles in Q3FY17 compared to 12,609 vehicles in Q3FY16. PAT marginfor the debt free, cash rich company for 9MFY17 was recorded at 8.4% marking a drop of 72bps YoY.