Taj GVK reported a mixed set of numbers. While revenues were below our estimates, EBITDA was above our estimate mainly led by a decline in raw material cost and power & fuel cost Revenues increased 2.2% YoY to | 59.6 crore (below I-direct estimate of | 62.2 crore). The EBITDA margin increased 91 bps YoY to 22.6% (above I-direct estimate of 21.2%) in Q1FY18 mainly due to...