ICICI Securities Ltd | Retail Equity Research ACC's Q2CY18 results were above our estimates. The topline beat (on strong realisation growth) led to higher-than-expected profit during the quarter. Revenues increased 13.7% YoY to | 3,767.9 crore (above I-direct estimate of | 3,559.1 crore) led by 7.4% YoY rise in volume to 7.2 MT (vs. I-direct estimate of 7.2 MT), 5.9% YoY increase in realisation to | 5,204/t (above I-direct estimate of | 4,978/t) The EBITDA margin declined 52 bps YoY to 14.5% due to higher...