Heidelberg Cement reported a good set of numbers. Revenues increased 9.3% YoY to | 420.0 crore (above I-direct estimate of | 384.4 crore) led by 6.0% YoY rise in volumes to 1.06 MT (vs. Idirect estimate of 0.99 MT) and realisation increased 3.1% YoY to | 3,962 (vs I-direct estimate of | 3,883) On the margin front, the EBITDA margin increased 524 bps YoY to 20.8% (vs. I-direct estimate of 12.9%) in Q2FY18 mainly led by 11.6% YoY decline in other expenses (driven by one-time reversal of | 5.7 crore provision made for district mineral fund). EBITDA/tonne...