NBCC's topline remained flat YoY at | 1266.6 crore. It was below our estimate of | 1546.1 crore mainly on account of lower-than-expected revenues in the PMC division. PMC division revenues grew 3.1% YoY to | 1149.1 crore vs. our expectation of | 1401.4 crore The EBITDA margin expanded 160 bps YoY to 5.1%. It was above our estimate of 4.5% mainly due to the strong performance in the PMC division where the EBIT margin was 13.4% (our estimate: 8.0%) Net profit grew robustly by 23.2% YoY to | 55.9 crore. However, it...