NBCC's topline grew 5.0% YoY to | 2342.0 crore. However, it was below our estimate of | 2434.7 crore mainly on account of lower-thanexpected revenues in the PMC division. PMC division revenues grew 5.8% YoY to | 2074.9 crore vs. our expectation of | 2360.4 crore EBITDA margin expanded sharply by 238 bps YoY to 8.9%. It was above our estimate of 6.7% mainly due to strong performance in high margin real estate division, which reported EBIT of | 31.9 crore (our estimate: | 4.1 crore) & EBIT margin of 30.7% (our estimate: 18.1%) PAT grew robustly by 42.9% YoY to | 174.8 crore (our estimate:...