ICICI Securities Ltd | Retail Equity Research KEC reported strong set of Q3FY18 results. The beat was in terms of order inflow & backlog, execution trend, EBITDA margins and finance costs. All these factors led to strong profitability for the quarter The topline increased 25.8% YoY to | 2404.9 crore, which was above our estimate of | 2375.5 crore. The key segment that reported robust execution was the T&D; segment wherein the revenues grew by 23.4% YoY. On a low base the railways segment witnessed 98.5%...