ICICI Securities Ltd | Retail Equity Research KEC International reported strong Q4FY17 results. Key positive takeaways were higher-than-expected EBITDA margins and muted finance costs that drove profitability despite in line revenues. KEC has exceeded its guidance on the margins and profitability front The topline increased 11.1% YoY to | 2849.2 crore, a tad below our estimate of | 2964 crore. KEC reported strong growth in railways segment wherein revenues grew 312% for Q4FY17 and 112.4% YoY...