Revenue grew 21% YoY to Rs7.2bn, driven by robust volume growth across segments and strategic price hikes that improved NSR. EBITDA increased 27% YoY to Rs783mn, while EBITDA margin expanded 55bps YoY to 10.8%. PAT surged by 57% YoY to Rs376mn. Net debt increased by Rs720mn QoQ to Rs5.3bn. Management has outlined a capex of Rs 5bn for FY27, with D/E expected to peak at 0.7x-0.75x during FY27. We value revise upwards our FY27/FY28 EPS estimates by 12%/9% the stock at PER...