ICICI Securities Ltd | Retail Equity Research Star Ferro & Cement (SFCL) reported a mixed set of Q4FY17 numbers. While revenues were below our estimate, EBITDA, PAT were above our estimate. Revenues declined 7.8% YoY to | 519.2 crore (vs. I-direct estimate of | 614.0 crore) led by 16.1% YoY decline in volumes to 0.75 MT (vs. I-direct estimate of 0.99 MT) mainly led by poor demand in the east and institutional side. However, realisation increased 9.9% YoY to | 6,959 (vs. I-direct estimate of | 6206)...