NTPC reported Q1FY18 results, which were disappointing operationally, given lower EBITDA. However, significant other income led to beat on reported PAT Reported revenues came in at | 19879.3 crore vs. estimate of | 19934.3 crore. The revenue miss was on account of lower-thanexpected energy sold as auxiliary consumption at 7.1% was higher than estimates of 6.6%. The company sold 59.8 billion units during Q1FY18 vs. our estimate of 60 billion units. Gross generation declined 0.2% at 64.4 billion units. Average tariff for Q1FY18 was at...