We should Refer to the official statement on BSE for clarity on numbers.
The growth in P&A segment continues & should do so in future as well. This will aid in increasing GM & bottom-line. Q3 was a good recovery for this year & the Q4 should be on the same lines. With the appointment of Hina Nagarajan the change in growth orbits for the next phase is apparent & valuation should also inch higher in line with a MNC consumption company as we go forward in next few quarters.
As per a recent UBS report on USL - the risk reward is quite favorable for the upside from here.
Disc: Invested from lower level & Part of core PF.