Narayana Hrudayalaya's Q2FY19 results were operationally better than I-direct estimates. Revenues grew 27.2% YoY to | 711.3 crore (Idirect estimate: | 696.8 crore) mainly due to consolidation of Health City Cayman Islands Ltd (Cayman) EBITDA margins declined 74 bps YoY to 10.3% (I-direct estimate: 7.4%) mainly due to higher employee expenses. EBITDA grew 21.6% YoY to | 73.0 crore (I-direct estimate: | 51.8 crore) Net profit declined 20.6% YoY to | 13.6 crore (I-direct estimate: | 5.4 crore) due to strong operational performance...