NBCC continued to report soft performance in 4QFY18 with EBITDA declining by 19% YoY to Rs1.7bn mainly due to lower than expected revenue booking. While reported revenue declined by 7% YoY, revenue on comparable basis grew by 12-14% YoY. PMC revenue declined by 4% YoY to Rs20bn (92% of total revenue). There was no revenue from Real Estate. EPC revenue stood at Rs1.7bn (+7% YoY and +45% QoQ). EBITDA margin stood at 7.7% (-108bps YoY and +316bps QoQ). Notably, order book stands at Rs800bn (11.6x FY18 consolidated revenue) and offers unmatched growth visibility, going ahead. Its key redevelopment projects i.e. Pragati Maidan, Nauroji Nagar, Netaji Nagar and Maharashtra Irrigation were started and few more...