ICICI Securities Ltd | Retail Equity Research Bhel reported disappointing Q2FY18 results. The key reason was the EBITDA level loss on account of higher-than-expected employee & other expenses. The company managed to post a PAT but that was on account of higher-than-expected other income Revenues came in at | 6402.9 crore, down 3.9% (I-Direct estimate of | 6335.3 crore). On the segmental front, power segment revenues came in at | 5064.7 crore, down 3.6% YoY whereas industrial...