JK Lakshmi Cement's Q4FY17 revenues were above our estimates while margins were below our expectations. Revenues increased 9.7% YoY to | 806.7 crore (above I-direct estimate of | 768.5 crore) led by 6.1% YoY increase in volumes to 2.3 MT (above I-direct estimate of 2.2 MT) mainly due to healthy demand in the east....