During Q2FY19, EBITDA came in at | 73.3 crore, up 8.0% YoY (in line with our estimates: | 72.7 crore). EBITDA margins came in at 14.8%, which declined marginally by 20 bps YoY, better than our estimate of 14.2%. The key reason for the variance was the more-than-expected increase in other operating expenses The company reported a PAT of | 49.4 crore, which remained flat on a YoY basis, in line with our estimate of | 49.3 crore. Effective tax rate increased 70 bps to 31.5% for the quarter...