Heidelberg Cement reported a good set of Q1FY19 numbers. Revenues increased 24.4% YoY to | 536.9 crore (above I-direct estimate of | 479.9 crore) led by 15.2% YoY rise in volumes to 1.27 MT (vs. I-direct estimate of 1.16 MT) while realisation increased 8.0% YoY to | 4,237/t (vs. I-direct estimate of | 4,137/t) On the margin front, the EBITDA margin increased 829 bps YoY to 21.6% (vs. I-direct estimate of 16.1%) in Q1FY19 mainly led by operating leverage benefit. EBITDA/tonne increased 75.3% YoY to...