ICICI Securities Ltd | Retail Equity Research CESC reported lower-than-expected Q4FY18 results on account of lower revenues, which, in turn, impacted EBITDA and profitability. Generation in the base business was up 20% YoY at 150.6 crore units, in line with estimates. However, units sold at 239.3 crore units was below estimates of 265.3 crore units. The key reason was the lower-than-expected sale of power from the subsidiary During FY18, power sold at Haldia Energy was up 12.5% at 414.7...