ICICI Securities Ltd | Retail Equity Research TajGVK reported a mixed set of Q1FY19 numbers. While revenues remained above estimates, margins contracted during the quarter mainly due to additional expenditure of | 6.6 crore towards renovation of Taj Krishna & Taj Deccan during the quarter The company reported EBITDA of | 12.9 crore (vs. I-direct estimate: | 15.3 crore). Adjusting for renovation expenses, EBITDA margins for the quarter would have remained higher than our estimates at 24.6%...