ICICI Securities Ltd | Retail Equity Research KEC International delivered a reasonable set of Q1FY18 results. The key positive surprise was higher-than-expected revenues led by a pick-up in domestic execution. EBITDA margin improvement continues further coupled with a decline in interest rates. PAT was also a tad higher than expectations The topline increased 6.2% YoY to | 1856.8 crore, which was a tad higher than our estimate of | 1822.2 crore. Order backlog at | 13532...