Heidelberg Cement reported a good set of Q4FY18 numbers. Revenues increased 15.8% YoY to | 525.4 crore (above I-direct estimate of | 506.9 crore) led by 5.0% YoY rise in volumes to 1.27 MT (vs. I-direct estimate of 1.25 MT) while realisation increased 10.3% YoY to | 4,137/t (vs. I-direct estimate of | 4,055/t) On the margin front, the EBITDA margin increased 629 bps YoY to 21.7% (vs. I-direct estimate of 17.1%) in Q4FY18 mainly led by 9.2% YoY decline in raw material expenses (due to inventory adjustment)...