The Byke Hospitality maintained good performance in 3QFY17 with a 12.5% growth in revenue at Rs.787 mn vs Rs.699.7 mn YoY despite demonetization. The company reported ~35.4 bps expansion in EBITDA margin to 14.2% YoY in this quarter. PAT increased by 17.3% to Rs.106mn from Rs.90.4mn YoY. The growth in revenue was supported by growth of ~14% in F&B; (Foods & Beverages) segment, increasing no. of hotels under asset light model, better utilization of capital through...