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The exports volumes continued to grow stronger led by Africa, Indonesia (+13% YoY) which boosted the realizations on QoQ basis. The adjusted EBITDA margin stood at 16.5% ( 380bps YoY/+31bps QoQ) and were impacted by higher staff costs (+17% YoY) and other expenses (+16% YoY) on increased advertisement expenses. Adjustd PAT stood at Rs 9.6bn ( 10.8% YoY; 12.6% QoQ).
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