ICICI Securities Ltd | Retail Equity Research Star Cement's numbers are not directly comparable to our estimates as the company reported sales net of GST while our estimates included taxes. However, in absolute terms, EBITDA, PAT remained above our estimates. Revenues declined 9.8% YoY to | 281.9 crore in Q2FY18. Volumes during the quarter declined 27.1% YoY to 0.44...