Thermax reported a weak set of Q4FY18 numbers as revenue and profitability declined YoY, below our estimates. The key takeaway was the consistency and growth in order intake giving some green shoots to return to growth path Revenues came in at | 1310.1 crore, down 2.4% (below our estimates of | 1459.7 crore). For FY18, standalone revenue declined marginally by 0.5% YoY to | 3889 crore EBITDA came in at | 149.9 crore, with a decline of 1.4% vs our...