EBITDA came in at | 11.6 crore (vs. I-direct estimate: | 15.7 crore). Higher-than-expected operating costs led to a miss on margins. EBITDA margins came in at 16.2% vs. I-direct estimate of 22.1% Despite weak operating margins, PAT remained flat YoY at | 0.9 crore on account of lower interest and tax expenses Occupancy levels to witness sharp improvement in coming years The occupancy in Telangana declined from 59.0% in 2011 to 51.0% in 2015 mainly due to political uncertainty in Andhra Pradesh and Telangana...