VA Tech Wabag (Wabag) reported weak Q2FY19 numbers as topline, EBITDA, PAT came in below our estimates. Revenues declined 15.2% YoY to | 752 crore. Lower-than-expected topline growth was due to muted execution in both domestic (fell 1.5% YoY) and overseas segment (fell 21.8%YoY). Overseas segment contributed ~65% whereas domestic segment contributed ~35% to the topline Absolute EBITDA declined 18.9% YoY to | 62.8 crore. EBIDTA margins came in at 8.4% vs. 8.7% YoY...