ICICI Securities Ltd | Retail Equity Research Bhel reported disappointing set of Q1FY18 numbers in terms of profitability. Revenues were in line with estimates but EBITDA margins on account of higher-than-expected rise in other income dragged overall profitability. However, higher-than-expected other income helped the company report a profit in spite of EBITDA loss. Order backlog was flat QoQ in Q1FY18 Revenues came in at | 5505.6 crore, down 2.1% (I-direct estimate of...