ICICI Securities Ltd | Retail Equity Research CESC reported lower-than-expected Q1FY19 results on account of lower revenues, which, in turn, impacted EBITDA, profitability. Revenues came in at | 2159 crore, down 1.1% YoY vs. our estimate of | 2234.1 crore. Revenue miss was mainly on account of lower realisation at | 7.6/KWhr vs. our expectation of | 7.8/KWhr During Q1FY19, power sold at Haldia Energy was up 7.9% at 111 crore units while Chandrapur saw a strong improvement in plant load...