SEL’s consolidated revenue rose 17% YoY, led by SCD/DCD (up 6/7.7% YoY). EBITDA fell 5.3% YoY (on higher employee costs due to ongoing restructuring at SCS); SCD (global business) continues to clock double-digit EBITDAM (11.8% in Q1 vs 10.8/11.8% in Q4/Q3FY25).